HYPR, Goode Intelligence Target Vulnerabilities of Passwords in New White Paper

“…HYPR emphasized that while a growing number of companies are wisely adopting biometric security, they’re also still relying on centralized password authentication, leaving them ‘vulnerable to credential stuffing and reuse attacks, phishing, social engineering credential theft, account takeover, payment fraud, prepaid product cash-out scams, loyalty fraud, and large-scale data breaches.'”

HYPR Corp. has published a new white paper aimed at enhancing executive decision makers’ understanding of post-password security.

Entitled “True Password-less Security”, the white paper was co-authored by Alan Goode, the founder and head of Goode Intelligence, a market research firm with a strong grasp of post-password security technologies such as biometrics. Goode Intelligence recently published a report of its own, in fact, predicting that by the end of 2020, a whopping 1.9 billion bank customers worldwide will use biometric authentication in their banking services.

HYPR has considerable expertise of its own, of course, specializing as it does in decentralized authentication, an approach to data storage that promises even greater security for end users’ biometrics.

In announcing the new white paper, HYPR emphasized that while a growing number of companies are wisely adopting biometric security, they’re also still relying on centralized password authentication, leaving them “vulnerable to credential stuffing and reuse attacks, phishing, social engineering credential theft, account takeover, payment fraud, prepaid product cash-out scams, loyalty fraud, and large-scale data breaches.” The aim of the white paper is to help organizations move beyond passwords entirely.

It’s available as a free download from HYPR’s website, and could clearly benefit a number of organizations as more executives recognize the benefits of biometrics, but fail to see the dangers of archaic password security.