Despite Bill Gates predicting the demise of passwords back in 2004, they are still very much in use. Passwords, like email, seem future proof; but they are also the source of many cybersecurity problems. Key drivers of these issues are human behavior and the desire for convenience, which results in password reuse across multiple accounts.
The 2018 Global Password Security Report shows a staggering 50 percent of users use the same passwords for their personal and work accounts. A 2019 online security survey by Google identified that 65 percent of people use the same password for multiple or all accounts. These statistics validate the magnitude of the password reuse problem and organizations need to take action to mitigate the accompanying risk.