Report: State of Authentication in the Finance Industry 2022

The State of Authentication in the Finance Industry 2022 report investigates current authentication practices and security levels in the sector. Based on research conducted by Vanson Bourne of financial services organizations in the U.S. and Europe, some of the key findings include:

• Financial services organizations experienced an average of 3.4 breaches in the last 12 months

• 80% of companies experienced a breach related to a weakness in authentication

• This costs them an average of $2.19 million per year

• 89% believe that passwordless MFA offers the highest level of authentication security