March 24, 2014
Why you need an SMS-enabled two-factor authentification system for passwords
New global research by the Ponemon Institute, sponsored by mobile interaction service provider tyntec, has revealed that on average almost 50% of One-Time Passwords(OTPs) fail to arrive due to invalid mobile numbers provided by end-users.
For the report titled ‘Unlocking the Security Potential: The Key to Effective Two-Factor Authentication’ the Ponemon Institute surveyed more than 1,800 IT and IT security practitioners around the world.
The research also revealed that 65% of respondents felt the traditional username and password approach was insecure. As a result, 90% of global IT managers say their organisations plan or consider the possibility to adopt SMS-enabled two-factor authentication (2FA) in 2014 in order to improve online security.
... Larry Ponemon, Chairman and Founder of the Ponemon Institute, added: “Enterprises and internet companies know that the traditional username and password is simply not enough anymore. However, companies deploying SMS-enabled two-factor authentication need to ensure that one-time passwords aren’t being sent to invalid mobile numbers. As a result, the research confirmed that 67% of respondents said customer experience improves when SMS-enabled two-factor authentication is combined with real-time verification of the receiver’s mobile number.”
Read full press release.
Link to White Paper: Unlocking the Security Potential: The Key to Effective Two-Factor Authentication’
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