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Case studies
HYPR

State of Authentication in the Finance Industry

July 2022
Research parameters
Topic:
Access management
Countries:
US, UK, France, Germany
No. of interviews:
500
Methodology:
Quantitative
Respondent profile:
IT decision makers involved in security from the financial sector

HYPR’s State of Authentication in the Finance Industry report explores insights from 500 IT security decision-makers in the financial sector, spanning the U.S, U.K, France and Germany. We partnered with them to investigate the burden that current authentication practices are leaving on financial organizations globally, specifically the high-risk cracks in security, strain on budgets and overall operational disruption.

Key findings

80%
of financial services organisations have experienced a breach that was likely related to authentication weaknesses
90%
of respondents consider their organisation’s authentication approach to be secure, yet widespread use of insecure methods is prevalent
89%
state that organisations need to adopt passwordless authentication to ensure the highest level of authentication security
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