A breakthrough year for passwordless technology – Microsoft Security

As 2020 draws to a close, most of us are looking forward to putting this year in the rearview mirror. Since we depend even more on getting online for everything in our lives, we’re more than ready to be done with passwords. Passwords are a hassle to use, and they present security risks for users and organizations of all sizes, with an average of one in every 250 corporate accounts compromised each month. According to the Gartner Group, 20 to 50 percent of all help desk calls are for password resets. The World Economic Forum (WEF) estimates that cybercrime costs the global economy $2.9 million every minute, with roughly 80 percent of those attacks directed at passwords.

In November 2019 at Microsoft Ignite, we shared that more than 100 million people were already using Microsoft’s passwordless sign-in each month. In May of 2020, just in time for World Password Day, that number had already grown to more than 150 million people, and…

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