Keynote: Why We Need Behavioral-Based Authentication Solutions

Enterprises have been relying on credentials (user IDs and passwords) for on-line authentication for the past 60 years, and they have performed admirably up until now. The growing obsolescence of passwords has more to do with digital consumers trying to remember credentials for more than 150 digital assets on average (well beyond most of our capabilities), so we reuse passwords. The cyber criminals figured this out several years ago, so they use existing compromised credentials applied to numerous websites at scale resulting in successful logins for about 2% of the automated attempts and then account takeover. The answer to this problem is simple, but challenging to implement. We need behavioral-based authentication solutions operating in near real time to: 1. Remove digital friction for the consumer (no passwords) 2. Eliminate account takeover 3. Lower operating costs (no password resent infrastructure)