Password fatigue troubles users across all industries and markets. With consumers and executives alike, tracking all of the passwords needed in public and private life can be a considerable burden.
However, organizations that don't manage their passwords will expose themselves to data breaches and other incursions into client and employee privacy. Citing the book "Perfect Password: Selection, Protection, Authentication," Business Insider noted that the most popular passwords are "password" and "123456." Although a number of websites and companies require people to use more complex passwords that involve numbers, alternating capitalization and special characters, this will not stop people from simplifying their credentials as much as possible.
Business Insider further noted that the efforts of one security professional to crack his employer's password network led to him possessing one-third of the company's login credentials within seconds, and another third in minutes.
Although managers can educate their workers about security's importance and try to require employees to use complex passwords, these efforts can only go so far and will only succeed with a limited number of workers. Some staff members will bypass or ignore best practices to create an insecure corporate environment. Besides, password management should be simple so that employees can remember their credentials and actually perform their job. Business News Daily reported that almost a third of Americans have 10 unique passwords. Keeping track of them all can be almost impossible without some level of simplicity.
If your employees are doing this, you can bet your customers are too. If you serve online, you need to recognize that customers are burdened with many passwords and find ways to increase your business assurance without hassling users with even more or harder questions. User device authentication improves business assurance dramatically with no additional burden to the user.