57% of Businesses Use Multi-Factor Auth (MFA), Says LastPass
A new survey by LastPass shows that a majority (57%) of organizations have adopted multi-factor authentication (MFA), which is a 12% increase compared to last year. The vast majority (95%) of employees who use MFA, rely on a software-based solution, which typically provides less security than hardware solutions (4%) and biometrics (1%). The FBI recently warned that while MFA is strongly recommended, sophisticated cyberattacks capable of bypassing MFA solutions are on the rise.
Even though MFA adopting is growing, many employees still engage in risky behavior such as reusing passwords across multiple accounts. On average, staff members reuse a password a staggering 13 times. Password reuse is far more common in small firms than in large organizations.