{"id":63845,"date":"2023-02-17T09:45:50","date_gmt":"2023-02-17T01:45:50","guid":{"rendered":"https:\/\/version-2.com.sg\/?p=63845"},"modified":"2024-09-13T16:31:42","modified_gmt":"2024-09-13T08:31:42","slug":"the-passwordless-future-is-here-at-nordpass-2","status":"publish","type":"post","link":"https:\/\/version-2.com\/en\/2023\/02\/the-passwordless-future-is-here-at-nordpass-2\/","title":{"rendered":"The Passwordless Future Is Here at NordPass"},"content":{"rendered":"
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You lightly place your thumb at the bottom of your phone screen and, lo and behold, it\u2019s unlocked instantly. So why can\u2019t we do the same at the bank or when logging in to Twitter or YouTube? Well, soon we\u2019ll be able to do it all. The passwordless future is inevitable and it’s almost here.<\/p>\n

At NordPass, we\u2019re thrilled to be creating a passwordless future. But what is passwordless authentication? How does it work? Let\u2019s answer these questions.<\/p>\n\n

Why should we consider going passwordless?<\/h2>\n

Year after year, we see either \u201c123456\u201d or \u201cpassword\u201d top our\u00a0Most Common Passwords List<\/a>. Millions of people reuse absurdly simple passwords across multiple platforms, even though they are very easy to crack by using a\u00a0dictionary or brute force attacks<\/a>. It makes passwords (and the people using them) one of the weakest links security-wise in any company or service.<\/p>\n

Weak passwords are just part of the problem. The way we treat passwords is an issue as well. One of the worst password sins that all of us can attest to is reusing passwords. Having a single password to secure multiple accounts is a huge security risk, to put it mildly. In such instances, a single compromised account indicates that all of user\u2019s accounts are essentially compromised as well.<\/p>\n

The solution lies in biometric authentication and passkeys, which combined become one of the safest and smoothest passwordless authentication options available.<\/p>\n\n

Passkeys: The key to passwordless authentication<\/h2>\n

In an age where technology usage continues to rise, the need for secure and efficient authentication methods becomes all the more pressing. Passwords, which have long reigned supreme as a solution for securing online accounts, have over time proven to be unreliable and susceptible to hacking. In turn, many organizations and companies have been looking for new, more efficient, and robust ways to authenticate users.<\/p>\n

One organization at the forefront of the effort to go passwordless is the FIDO Alliance. The alliance works with various companies,\u00a0including NordPass<\/a>, to develop and promote open standards for passwordless authentication.<\/p>\n

According to the FIDO Alliance, the technology set to replace passwords is passkeys. Passkeys are digital credentials that are generated by the user’s device. Usually used in combination with biometric data, such as a fingerprint or facial recognition, to offer an extra layer of security, passkeys provide access to websites and other online services.<\/p>\n\n

What passkeys bring to the table<\/h2>\n

One of the major advantages of passkeys is that the private key, which is used to generate the passkey, never leaves the user’s device. This makes it almost impossible for attackers to gain access to the key through phishing or other forms of cyberattack. Furthermore, passkeys are almost impossible to hack, making them more secure overall.<\/p>\n\n

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Unlike traditional passwords, passkeys are invisible to the user and are never revealed or entered manually.<\/p>\n<\/blockquote>\n<\/div>\n

Going passwordless will also improve user experience. A fingerprint scanner, for example, is a fast and reliable authentication method. It would also mean that there would be no more password reset procedures \u2014 IT departments throughout the world will be very grateful. Also, when it comes to biometric authentication, you don\u2019t need to remember anything. You won\u2019t have any Post-its on the computer screen or notes in your planner. You can\u2019t lose, steal, or forget your fingerprint.<\/p>\n\n

Room for improvement for current passkey-based authentication<\/h2>\n

Right now, passwordless authentication is gaining major traction among such tech giants as Microsoft, Apple, and Google. All of these companies have been introducing passwordless authentication solutions, and in most instances the solutions include the use of passkeys.<\/p>\n

However, current passkey-based solutions have a long way to go. At the moment, these solutions limit users to a single ecosystem, which makes it difficult to share them between, say, an Android user and an iOS user. In addition, the current solutions do not offer any kind of sync with password managers.<\/p>\n

But this is where NordPass comes into play. We are currently working on integrating passkeys into your favorite password manager.<\/p>\n\n

Introducing passwordless authentication to NordPass<\/h2>\n

At NordPass, we\u2019re excited to be at the forefront of the passwordless revolution. And by early 2023, NordPass is set to introduce passwordless authentication both for individuals and businesses.<\/p>\n\n

Passwordless access to NordPass<\/h3>\n

We are currently working on enabling a passwordless sign-in to NordPass. It will be a faster and simpler process than the one now, since it will require a single biometric confirmation. In simple language, this means that you will be able to access your Nord Account and NordPass with a single tap of a finger. You read it right. No more manually entering your Nord Account and Master Password each time you need to log in. Passwordless access to NordPass is set to significantly improve user experience and overall security.<\/p>\n\n

NordPass passkey storage<\/h3>\n

All NordPass users will have the ability to save passkeys for any website or app in the encrypted vault and use them to access those online services later. With NordPass, you\u2019ll be able to use, share, and sync passkeys between multiple devices and platforms, whereas many passwordless authentication solutions tend to lack such functionalities. This will make NordPass a single place for all of your digital valuables, including passwords, passkeys, credit cards, and other sensitive information.<\/p>\n\n

Passwordless multi-factor authentication (MFA) for businesses<\/h3>\n

Password-based authentication is still the industry standard. However, due to the inherent vulnerabilities that come with password-based authentication, most businesses face a variety of cybersecurity risks. To significantly reduce the risk of suffering a phishing or an account takeover attack, businesses need to rethink their security approach with regard to access to endpoint devices such as laptops, desktops, workstations, and mobile devices as well as applications that leverage regular passwords or even single sign-on solutions.<\/p>\n

With the introduction of passwordless MFA, we\u2019re looking to help businesses improve their overall security stance by eliminating the need for passwords and introducing an authentication method based solely on biometrics.<\/p>\n\n

Passkey integration for online service providers<\/h3>\n

The world is already moving rapidly towards a passwordless future. Unfortunately, not everyone can adapt smoothly and efficiently. Many small to medium-sized businesses (SMBs) lack the resources and know-how to implement passkey authentication for their users. However, at NordPass we\u2019re ready to leverage our security expertise to make the transition from passwords to passkeys as smooth as possible. We believe that the frictionless user experience offered by passkeys across multiple platforms and devices, combined with superior security, will help your business increase conversion rates, user engagement, and user satisfaction.<\/p>\n

You can expect big things as early as 2023. So stay tuned, and be prepared for the inevitable passwordless future \u2013 it\u2019s just around the corner.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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About Version 2 Digital<\/h3>

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.\n

\nThrough an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\n\t\t

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These days, cybercrime is rampant. It’s no longer a matter of \u201cif\u201d you’re going to suffer an attack but \u201cwhen\u201d it will happen. All companies want to be ready for any crisis. And this is where a business continuity plan comes into play.<\/p>\n

But what is a business continuity plan exactly? Why is it important? What should one include? Today, we’re exploring all these questions in-depth.<\/p>\n\n

What is a business continuity plan?<\/h2>\n

A business continuity plan (BCP) is a document that sets guidelines for how an organization will continue its operations in the event of a disruption, whether it’s a fire, flood, other natural disaster or a cybersecurity incident. A BCP aims to help organizations resume operations without significant downtime.<\/p>\n

Unfortunately, according to a 2020 Mercer survey<\/a>, 51% of businesses across the globe don’t have a business continuity plan in place.<\/p>\n\n

What’s the difference between business continuity and disaster recovery plans?<\/h2>\n

We often confuse the terms business continuity plan and disaster recovery plan. The two overlap and often work together, but the disaster recovery plan focuses on containing, examining, and restoring operations after a cyber incident. On the other hand, BCP is a broader concept that considers the whole organization. A business continuity plan helps organizations stay prepared for dealing with a potential crisis and usually encompasses a disaster recovery plan.<\/p>\n\n

Importance of business continuity planning<\/h2>\n

The number of news headlines announcing data breaches has numbed us to the fact that cybercrime is very real and frequent and poses an existential risk to companies of all sizes and industries.<\/p>\n

Consider that in 2021, approximately 37% of global organizations<\/a> fell victim to a ransomware attack. Then consider that business interruption and restoration costs account for 50% of cyberattack-related losses<\/a>. Finally, take into account that most cyberattacks are financially motivated and the global cost of cybercrime topped $6 trillion last year<\/a>. The picture is quite clear \u2014 cybercrime is a lucrative venture for bad actors and potentially disastrous for those on the receiving end.<\/p>\n

To thrive in these unpredictable times, organizations go beyond conventional security measures. Many companies develop a business continuity plan parallel to secure infrastructure and consider the plan a critical part of the security ecosystem. The Purpose of a business continuity plan is to significantly reduce the downtime in an emergency and, in turn, reduce the potential reputational damage and \u2014 of course \u2014 revenue losses.<\/p>\n\n

Business continuity plan template<\/h2>\n
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Password security for your business<\/h2>\n

Store, manage and share passwords.<\/p>\n\n

Get NordPass Business<\/a><\/div>\n

30-day money-back guarantee<\/p>\n\n<\/div>\n

Business Continuity Plan Example<\/h4>\n

[Company Name]<\/p>\n

[Date]<\/p>\n\n

I. Introduction<\/h4>\n