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October 21, 2017 06:00 pm

Why Are We Still Using Passwords?

Here's some surprising news from the Akamia Edge conference. chicksdaddy writes:[E]xecutives at some of the U.S.'s leading corporations agreed that the much maligned password won't be abandoned any time soon, even as data breaches and follow-on attacks make passwords more susceptible than ever to abuse, the Security Ledger reports. "We reached the end of needing passwords maybe seven years ago, but we still use them," said Steve Winterfeld, Director of Cybersecurity, at clothing retailer Nordstrom. "They're still the primary layer of defense." "It's hard to kill them," noted Shalini Mayor, who is a Senior Director at Visa Inc. "The question is what to replace them with." This, even though the cost of using passwords is high and getting higher, as sophisticated attacks attempt to compromise legitimate accounts using so-called "credential stuffing" techniques, which use automated password guessing attacks against web-based applications... Stronger and more reliable alternatives to passwords already exist, but the obstacles to using them are often prohibitive. Shalani Mayor said Visa is "looking at" biometric technologies like Apple's TouchID as a tool for making payments securely. Such technologies -- from fingerprint scans to facial and retinal scans -- promise more secure and reliable factors than alphanumeric passwords, the executives agreed. But customers often resist the technologies or find them error prone or too difficult to use.

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