SecureAuth has published a new
study that finds that the use of two-step verification has not reached
mainstream popularity, as a third of companies with more than a thousand
employees said they continue to use password only access, according to a report
by IT Pro Portal.The report, which was conducted by Opinium, finds that two in
five IT decision makers (ITDMs) use passwords as their only IT security
measure. The study results show a huge growth opportunity in the UK for
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The research is based on an
online survey of 500 IT decision makers in organizations in the UK with 50 or
more employees. Fieldwork was conducted from February 20 to March 4.
Meanwhile, one in five
respondents said they "don't know" how many IT security policies
their company has currently implemented. The report found that the
entertainment, hospitality and leisure industry is taking the most risks with
its data as 65 percent of respondents from this sector said their organizations
use passwords as their only security measure.
Public sector organizations are
also taking considerable risks with their data, as the report found that 45
percent of ITDMs from this sector only use passwords.
In fact, the majority (63
percent) of ITDMs from any sector feel that passwords are a sufficient security
measure in protecting their data.
"It's extremely concerning
just how many businesses still use passwords as their only method of protection
against malicious hackers and the false confidence they seem to have in their
current security systems is only further cause for concern,said Nick
Mansour, executive vice president of worldwide sales at SecureAuth. These
organizations who are continuing to blindly use passwords alone to secure their
corporate networks need to wake up to the fact that there are a number of
inherent risks that come with relying on using passwords to protect valuable
data. Organizations of all sizes, from all sectors, should be doing more to
address these issues."