80% of IT decision makers to ditch passwords by 2022

Around four out of five IT decision makers (ITDM) predict their organizations will replace passwords with other security protocols within five years, according to a survey by SecureAuth Corporation.

The study found that organizations are moving beyond passwords, and even two-factor authentication (2FA) to more robust authentication systems to prevent the abuse of stolen credentials.

When asked what would be the most likely replacement for passwords, respondents cited physical biometrics (49%), followed by device recognition techniques (30%), 2FA (30%) and geographic mechanisms (29%).

The research also found that nearly half (49%) of millennial ITDMs think their organization will do away with passwords, compared to only a third (32%) of 35-54 year olds.