2024

State of Passwordless Identity Assurance

2024 passwordless identity assurance report

Crucial Insights Into Identity Threats, Technologies and Trends


The 2024 State of Passwordless Identity Assurance report investigates identity threats, risks, and strategies to combat them, based on interviews with 750 IT security professionals at organizations across multiple geographies and sectors.

78 %

of organizations have been targeted by  identity-based cyberattacks

69 %

of companies were breached through authentication processes

60 %

name AI-powered threats as a top identity security concern

68 %

of employees wait up to 3 hours for service desks to verify their identity

89 %

believe a passwordless approach provides the highest level of security

$ 5,479,819

spent per organization on breaches caused by weak authentication

28 %

of helpdesk costs are password related

$ 2,782,041

spent per organization on identity fraud

quote

HYPR’s research shows that identity assurance isn't just about security, it's a foundational pillar for building a resilient and adaptable future. Organizations that prioritize it gain a strategic advantage by fostering seamless and secure experiences. This not only boosts productivity but, more importantly, cultivates trust with key stakeholders.

Anthony Belfiore

Chief Security Officer, Wiz

Webinar: Learn More From Industry Experts

FIDO-Alliiance-logo-2024

Andrew Shikiar, Executive Director of the FIDO Alliance and Bojan Simic, CEO and Co-Founder at HYPR, take an insider's look at key report findings and how you can use it to improve your organization’s security posture. Learn about the biggest identity security threats to watch for in 2024 and how are organizations like yours are evolving their security strategies to meet them. Topics include:

  • The top causes of breaches and strategies to close those vulnerabilities
  • Generative-AI threats, how they’re evolving, and ways to combat them
  • Passkeys and building an identity-first security framework
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Learn About Identity Risks and Securing Your Workforce