We’re at a crisis point for cybersecurity. During the COVID health crisis, cyberattacks shot up 300%.1 In 2020, ransomware claimed a new victim every 10 seconds,2 and phishing incidents doubled.3 The average cost of a data breach broke a 17-year high in 2021, ringing up at a whopping $4.24M.
Despite the growing tide and sophistication of cyber attacks, many organizations continue to use legacy multi-factor authentication (MFA) methods like usernames and passwords, and mobile-based authenticators, to secure access to critical and sensitive applications and data. Across these organizations, the results are unexpected: attacks that penetrate their defenses, and employees who are frustrated.
