MIRACL is One Cybersecurity Company to Watch in 2022

Passwords are traditional. As long as only you and the people you trust know them then, you can operate anonymously and with security on the Internet and various applications. Passwords are safe. Well not really. Not anymore.  


 


Passwords are reused. They are successful for months, years even. Yet, the reliance on a singular method of authentication is foolhardy. If something can go wrong, it will. Eventually, a data breach reveals a password and it opens the door for a range of potential attack vectors. A compromised password is the most likely way that someone will get hacked. 2021 saw nearly 2 billion passwords leaked by hackers. 


 


People may decide that they won’t reuse them, they’ll just keep a list of all their different passwords. A list which grows and grows and grows. As this long list of long passwords grows it drains productivity. More people forget, misplace, or simply never bother to remember their password to that one site. One of the most common help-tickets for IT is for password replacement. Furthermore, contrary to popular belief, long passwords don’t guarantee safety. Over 90% of passwords used in brute force attacks are 8 characters or longer. 


 


Increasingly, companies are recognizing how prevalent password-related issues are and looking for a solution. The most frequent solution is multi-factor authentication- a type of authentication which requires multiple types of verification in order to access websites and applications. Yet, MFA’s face an uphill battle against passwords due to issues of cost, speed, and usab ..

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