The findings stem from a study run during April 2018 by leading user experience research firm Blink and identity authentication technology company Trusona. It is the first study of its kind to show an actual change in user behavior with regard to authentication practices.
Over the course of three weeks, study participants logged into a fictitious gift-giving website. It offered two options, either a traditional username and password or a password-less MFA option. The true subject of the study – the login methods – was not revealed. The participants were also asked about their experience with the service and the logins in an exit survey.
Of the 70 percent who ultimately chose the password-less MFA option, 53 percent opted for it during their first session and used it for all remaining sessions. An additional 17 percent that started with passwords ultimately switched to the password-less option in the remaining sessions.
Some notable study findings include:
- Not only are users willing to change behavior — but they report higher satisfaction rates with password-less MFA logins. Participants using the passwordless MFA login were 31 percent more likely to be satisfied with their login experience than those using passwords.
- Passwordless logins eliminate costly password resets, which on average cost organizations $25 per help desk call. Password-less logins yielded a success rate of 99 percent versus passwords’ of 56 percent. Nearly 30 percent of participants using passwords needed help resetting them at least once during the three-week time frame.
- People easily switch and remain loyal to password-less MFA logins. Of the 22 percent who had only tried the familiar password login, when prompted with an email, an additional 45 percent of recipients opted for the password-less MFA option. After trying it, 93 percent stayed with it.
- Older consumers prefer the passwordless login behavior at an even higher rate than the younger groups. Participants 55 years and older were approximately 10 percent more likely to adopt passwordless MFA (59 percent) than the younger age groups (55 percent for ages 18-34, 46 percent ages 35-54), proving that consumers of all ages are willing to adopt new technology.
“Consumers need a compelling reason to change their behavior,” said Karen Clark Cole, CEO and co-founder of Blink. “Seeing the dramatic adoption rates in such a short period of time shows that consumers are ready for a new option when it comes to security in digital experiences.”
Trusona will host a webinar to share the findings of the study and highlight the business benefits of MFA authentication, titled “Multi-factor Authentication People Love: Behavioral Research Findings & Business Benefits.” The webinar will take place on Thursday, July 12, 2018 between 10-11 AM Pacific Time. For information on the upcoming webinar and registration details, please visit Trusona Events.
Based Blockchain Network