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FIs Embracing Alternatives to Passwords for Identity and Access Management Frameworks, Says Aite-Novarica Group

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FIs Embracing Alternatives to Passwords for Identity and Access Management Frameworks, Says Aite-Novarica Group

Advances in biometrics and possession factors reduce end-user friction when granted access to information and devices

Passwords are the most dangerous contributing factor in cyberattacks: the ability to misuse passwords have been the center of many egregious security compromises and data breaches. They are also expensive, burdening IT help desks and, once compromised, unlocking doors for attackers to infiltrate systems. In a new Impact Report, Passwordless Authentication: Shush, Don’t Tell, research and advisory firm Aite-Novarica Group explores the key trends within the passwordless authentication market and introduces organizations to vendors of passwordless authentication solutions.

“The passwordless authentication market is rapidly growing,” said Tari Schreider, Strategic Advisor at Aite-Novarica Group. “The move toward remote work has strained current password management and older tech two-factor solutions for the workforce. Attempts to cobble together multi-step authentication methods have created poor user experiences for customers and employees.”


preview of the report is available online, and desk copies are available to qualified media. Please contact [email protected] or call Kaitlyn Labbe at +1.857.327.9442 for more information.

About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.

Press Contact:
Kaitlyn Labbe
Public Relations
+1.857.327.9442
[email protected]