Passwordless Authentication: The next breakthrough in secure digital transformation

• “Cybercrime is set to cost the global economy $2.9 million every minute in 2020 and some 80% of these attacks are password-related.
• For larger businesses, it is estimated that nearly 50% of IT help desk costs are allocated to password resets, with average annual spend for companies now at over $1 million for staffing alone.
• Passwordless authentication does not mean removing all security barriers to our digitalized society. It means harnessing technologies such as artificial intelligence and machine learning to save users time and save company-money.”

https://www.weforum.org/whitepapers/passwordless-authentication-the-next-breakthrough-in-secure-digital-transformation