June 20, 2021
Business News

Transmit Security Study Finds Passwords are Bad for Business, Frustrating for Consumers


TEL AVIV, Israel & BOSTON–()–Transmit Security, the Identity Experience™ company, has released “The Impact of Passwords on Your Business,” a State of Customer Authentication report that includes customer experience insights based on its survey of 600 U.S. consumers. According to the report findings, organizations are losing potential customers and a substantial amount of revenue due to their dependency on traditional password systems and outdated customer authentication models.

The report also underscores the challenges connected to password-sharing habits. More than 50% of the survey participants admit they have shared a password to, at least, one of their online accounts with someone else and 41% say…



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