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"Are we ready to move beyond passwords?"  3/19/2014

"Are we ready to move beyond passwords?"  3/19/2014. Landscape or Landslide?. REUSED. PHISHED. KEYLOGGED. Passwords. Too many to remember, difficult to type, and not secure. Password and PIN: Harsh R eality. Source: XQCD. Out of 6M passwords compromised during recent hacks. Top

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"Are we ready to move beyond passwords?"  3/19/2014

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  1. "Are we ready to move beyond passwords?"  3/19/2014

  2. Landscape or Landslide?

  3. REUSED PHISHED KEYLOGGED Passwords Too many to remember, difficult to type, and not secure

  4. Password and PIN: Harsh Reality Source: XQCD

  5. Out of 6M passwords compromised during recent hacks Top 100 41 % 91% Top 1,000 99.98% Top 10,000 Source: xato.net Source: Forrester 2012

  6. Opportunity for Better Authentication is Upon Us For the Ecosystem For Users For Organizations • Difficult to Secure • $5.5M / Data Breach • $15M / PWD Reset • $60+ / Token • Impossible to Scale • Fragmented • Inflexible • Slow to Adopt • Painful to Use • 25 Accounts • 8 Logins / Day • 6.5 Passwords* * Reality?: 2 to 3 passwords variation

  7. Revenues & Risks = Money • Cart Abandonment • Mobile: Each additional screen increase cart abandonment by 15% • Average abandonment rate is: 65.23% • Amazon created the 1-click check out to solve this issue • Amazon’s Trailing 12  month revenue is $51.4B*. • Projected for mobile is $4B+ • No-show: Losing 15% of just mobile business would be $600M. • PayPal/eBay: $40B Mobile**; no-show TPV: $6B Source: *Yahoo Finance, **eBay Analyst Day report • Password Breach Cost Analysis: • Merchants – $100bn - $250bn in fraud losses • FinanciaI Institutions – $12bn - $15bn in direct losses • Indirect costs of victimized users are higher yet Source: Forrester 2012

  8. SMSUSABILITY DEVICEUSABILITY USEREXPERIENCE STILL PHISHABLE Coverage | Delay | Cost One per site | Fragile User confusion Known attacks today One Time Codes Improves security but not easy enough

  9. PERSONAL DEVICES LOCAL LOCKING NEW WAVE: CONVENIENT SECURITY Carry Personal Data Pins & Patterns today Simpler, Stronger local auth Megatrend Simpler, Stronger Local Device Auth

  10. Consumer Presence Validation Digital Persona ≈ ≈ Access Points ? ≈ ≈ Shared Access / SSO Digital Services

  11. So, what to do about it?

  12. Clarifying Authentication IAS Authentication Single Sign-On Modern Authentication Federation Passwords Risk-Based Authentication Strong User Management Physical-to-digital identity

  13. Natural Security Alliance Mobile Identity Identity NSTIC

  14. THE other half of the equation Passwords SAML SSO/Federation OpenID strong Auth First Mile Second Mile FIDO/Strong Auth Federation Standards

  15. Central Authentication This… protects… That… from… your thankful hacker!!!!

  16. Distributed Authentication This… protects… That… for… Local key to RP… Not linked to user from… …Your unhappy hacker

  17. Standards & FIDO Alliance Changing the world

  18. Sebastien Taveau – BPD Chief Evangelist sebastien.taveau@synaptics.com +1 408 904 1154

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