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Consumer Password Hassles Linked to Lost Revenue | Computing

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By John P. Mello Jr.
Mar 31, 2021 4:00 AM PT
Online businesses are losing potential customers and substantial amounts of revenue because they re dependent on traditional password systems and outdated customer authentication models, says a report released Tuesday by an access and identity management company.
Lost customers and revenues are caused by password sharing and friction created at websites by onerous authentication procedures, according to the report by Transmit Security derived from a survey of 600 U.S-based consumers 18 to 54 years old.
The survey found that half of the responding consumers admitted sharing a password to at least one of their accounts; and 41 percent acknowledged they share their passwords often. ....

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Consumer Password Hassles Linked to Lost Revenue

Consumer Password Hassles Linked to Lost Revenue
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Consumer Password Hassles Linked to Lost Revenue

Mar 31, 2021 4:00 AM PT
Online businesses are losing potential customers and substantial amounts of revenue because they re dependent on traditional password systems and outdated customer authentication models, says a report released Tuesday by an access and identity management company.
Lost customers and revenues are caused by password sharing and friction created at websites by onerous authentication procedures, according to the report by Transmit Security derived from a survey of 600 U.S-based consumers 18 to 54 years old.
The survey found that half of the responding consumers admitted sharing a password to at least one of their accounts; and 41 percent acknowledged they share their passwords often. ....

United States , David Stewart , Saryu Nayyar , Mickey Boodaei , El Segundo , Rob Shavell , Mike Reinhart , Johnp Mello Jr , Resilient Technology , News Network , Transmit Security , Nok Labs , Palo Alto , Cofounder Mickey Boodaei , United Kingdom Based Approov , Boston Business Journal , Boston Phoenix , Megapixel Net , Government Security , E Commerce , E Business , Um Commerce , Digital Marketing , Online Business , Enterprise It , Cloud Computing Applications ,