Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
Password security - statistics & facts
You keep forgetting your passwords? You are not alone! In our vastly digitalized world, we must juggle every day with an ever-increasing number of usernames and passwords to access some of the most basic services. What is more, and thanks to technological innovations, cyberattacks are becoming more sophisticated every day, putting even the strongest password at risk of being cracked. Despite the vulnerability that password security currently presents in the face of the increasing number of cyber breaches and the variety of cyber threats, it remained the most used security method by companies worldwide in 2023. Moreover, the password management market is expected to exceed seven billion U.S. dollars by 2030.
