Embracing a 100% Password less approach with Ace Cloud — Identity an Access Management

Security experts unveiled a groundbreaking celebration a decade ago: World Password Day, a vibrant yearly alert for people to indulge in password transformation. It recognized the imperfections of passwords and unveiled their secret flaw: constant evolution is their secret to enduring strength.

Over the past ten years, things have gotten wild in logins. Security risks have escalated, phishing attacks becoming all the rage and reaching new levels of trickery. And as if that wasn’t enough, login passwords need to be made secure, with never-ending demands for special characters, capital letters, and longer passwords. It’s no wonder that users are feeling frustrated and overwhelmed. Managing a bazillion usernames and passwords is no joke!

It’s unbelievable how far authentication tech has come in the past few years. Yet in 2023, we are still wrestling with good old passwords. Why are they still hanging around with their annoying security issues? It’s time to imagine a future where passwords are a thing of the past. What would that world look like? Let’s dive in and explore!

The unwavering resilience of passwords

At Ace Cloud, we’ve been right in the thick of it, witnessing how passwords just won’t quit, even as more and more of our awesome Ace workforce users jump on board with fancy, foolproof solutions. We asked our customers why passwords are still holding on strong, and here’s what they had to say:

• Passwords come with their own set of risks

Passwords are like an old friend everyone knows how to deal with. IT teams have mastered the art of setting them up and keeping them in check. End users have become pros at creating, recovering, and resetting them. So, when businesses want to cater to their customers and users, they often stick with passwords because, let’s face it, they’re familiar. Sure, they’re not perfect, but they’re defendable.

• Unclear alternatives

There are many other authentication options, but sometimes it’s hard to determine which one to choose. Going password less might sound like some far-off sci-fi dream rather than a practical solution for today. Plus, let’s not forget that many organizations have no clue where to begin on this whole new authentication journey. It’s like diving into the great unknown, which can be intimidating.

• Change is never easy

Transformations always come with a struggle. Switching from good old passwords to a whole new authentication system would require time, some serious tech know-how, and a shift in how users do their thing. And you know what? Some big shots in charge don’t want to deal with all that resistance. They’d instead stick with what they know, even if it’s not the best option out there.

Ace Cloud: Paving its Way to Passwordless Approach

Even with all those things to think about, we at Ace Cloud chose our way to go passwordless!” We kicked off this adventure some time back, and let me tell you; it hasn’t been a piece of cake.

• The business benefits of phishing resistance.

Passwords, unfortunately, remain highly vulnerable to phishing attacks, posing an ongoing security challenge. For businesses like ours, the implications are significant as we invest substantial resources in detecting and mitigating these threats. In fact, according to IBM, the average data breach cost from phishing attacks soared to $4.91 million in 2022. This sobering statistic emphasizes the financial ramifications and underscores the need for robust measures to combat phishing incidents.

On the flip side, passwordless flows are like superhero-level resistance to phishing simply because there are no passwords for those sneaky villains to snatch. This means businesses can finally say goodbye to all the wasted time and money dealing with those pesky phishing attacks. Going passwordless? Let me tell you; it’s a game-changer that brings some serious business value. It’s like unleashing a whole new level of awesomeness!

• Debunking the notion of achieving security and usability together.

The common belief is that enhancing security compromises the user experience. However, by adopting a passwordless approach, we are improving the overall experience for our ACE employees and customers. Eliminating passwords from the authentication process can save users time, reduce frustration, and significantly lower login failure rates. In doing so, we balance robust security measures and a seamless user experience.

• Progressing to 100% on our Path to Passwordless at Ace Cloud

We’ve made remarkable strides in our quest for passwordless authentication at Ace Cloud. This transformative journey entails updating our entire suite of apps and services to align with robust, phishing-resistant policies. These policies mandate that end users employ at least one factor resistant to phishing attempts. We closely monitor our progress and are nearly at the finish line, with a success rate of almost 100%. This critical goal is within our grasp, and we’re determined to achieve it.

Ace Cloud Advantage

• Enhanced Security Fortification

Did you know that over 80% of cyberattacks involve human factors, intentional or unintentional? With Ace Cloud’s identity-based security infrastructure, you can significantly reduce the risk of security breaches and fortify your overall security posture.

• Streamlined Efficiency

Say goodbye to password fatigue and tedious manual processes. Ace Cloud empowers organizations to streamline their day-to-day operations by automating tasks and eliminating unnecessary hurdles. This allows your IT teams to shift their focus towards growth-oriented strategies while we handle the nitty-gritty of identity security.

• Simplified Compliance

Achieving compliance with local and global security policies becomes a breeze with A. Our intuitive identity-based security mechanisms help you meet the required authentication, authorization, privacy, and IT hygiene standards. Stay ahead of regulatory requirements without breaking a sweat.

Conclusion

In today’s digital landscape, safeguarding your business against cyber threats is paramount. Ace cloud is a transformative force in Identity and Access Management, offering comprehensive, scalable, and cost-effective security solutions tailored to businesses of all sizes.