An estimated 300 billion passwords are used by humans and machines worldwide. That’s far too many passwords 40 times more than the number of people walking on planet Earth. The more the number of passwords, the higher the number of breaches: In the first half of 2020, data breaches exposed 36 billion records, according to RiskBased Security, a US-based cybersecurity firm specialising in vulnerability intelligence, data breaches and risk ratings.
What’s the salvation for a password-weary world? There are no quick answers. It s a frustrating fact: Many people have grown weary of passwords; yet until now, there’s not much left in terms of choice. The world has become so accustomed to the necessity of passwords. They’re the entry point to the digital world, which gives every user a semblance of ownership.