SAN FRANCISCO, June 12, 2023 – Okta, Inc. (NASDAQ: OKTA), the main unbiased identification associate, immediately introduced the discharge of its worldwide Safe Signal-In Tendencies Report. The report, which analyzes billions of month-to-month workforce buyer logins to Okta Workforce Identification Cloud throughout greater than 16 industries all over the world, reveals that using multi-factor authentication (MFA) has practically doubled since 2020 and that phishing-resistant authenticators symbolize the only option by way of safety and comfort for customers.
“Okta is advancing our clients’ zero belief safety methods by serving to them undertake improvements like phishing-resistant MFA and passwordless,” stated Todd McKinnon, co-founder and CEO of Okta. “By sharing knowledge on our clients’ adoption of those essential applied sciences, we will drive better progress with governments, our companions, and our clients.”
The highest takeaways embody:
- 90% of Okta directors and 64% of customers signed in utilizing MFA in the course of the month of January 2023.
- Signal-in strategies that provide the best phishing resistance (Okta FastPass and FIDO2 WebAuthn) additionally show to supply the quickest, most dependable consumer expertise.
- The know-how trade is greatest positioned to maneuver to a passwordless future, with 87% of account logins already utilizing MFA. Insurance coverage (77%), Skilled Providers (75%), Development (74%), and Media & Communications (72%) spherical out the highest 5 trade adopters. Surprisingly, highly-regulated industries are likely to lag behind.
- MFA adoption by Okta’s workforce clients jumped from 35% to 50% in two months between February and March 2020.
- Organizations with fewer than 300 workers (79%) exceed the MFA use of enterprises with greater than 20,000 workers (54%).
MFA provides an additional layer of safety on high of credentials like passwords, that are extremely inclined to abuse. Greater than 80 % of Enterprise Internet Software Assaults and practically half of all enterprise electronic mail compromise assaults end result from stolen username and passwords. MFA offers better certainty {that a} consumer is who they declare to be earlier than granting entry to an utility or on-line account. MFA verifies identities by asking customers to offer various kinds of data or elements to realize entry to an account or utility. Nonetheless, an enhance in subtle MFA bypass assaults is prompting organizations to judge the necessity for phishing-resistant authentication flows.
In response to the report, using phishing-resistant authentication similar to Okta FastPass or FIDO2 WebAuthn provides the optimum mixture of safety and consumer expertise. Whereas it is ceaselessly assumed that know-how decision-makers should “commerce off” safety for consumer expertise, Okta’s analysis finds that on common, signing in with passwordless, phishing-resistant authenticators saves time and is much less vulnerable to failure when in comparison with utilizing passwords.
In regards to the Okta Safe Signal-In Report
The Safe Signal-In Tendencies Report was constructed from knowledge of direct MFA authentication occasions within the Okta Workforce Identification Cloud (WIC). Analysts anonymized and aggregated knowledge from billions of month-to-month authentications and verifications throughout international locations worldwide. Okta enterprise clients and their workers, contractors, companions, and clients use Okta to securely log in to units, web sites, apps, and providers and to leverage security measures to guard their knowledge. They span each main trade and range in dimension, from small companies to a number of the world’s largest organizations, with lots of of hundreds of workers and hundreds of thousands of shoppers. The complete report could be discovered at: https://okta.com/the-secure-sign-in-trends-report.
The inspiration for safe connections between folks and know-how
Okta is the World’s Identification Firm. Because the main unbiased Identification associate, we free everybody to securely use any know-how—wherever, on any machine or app. Probably the most trusted manufacturers belief Okta to allow safe entry, authentication, and automation. With flexibility and neutrality on the core of our Okta Workforce Identification and Buyer Identification Clouds, enterprise leaders and builders can deal with innovation and speed up digital transformation, due to customizable options and greater than 7,000 pre-built integrations. We’re constructing a world the place Identification belongs to you. Study extra at okta.com.
