Payments News


Experian: Consumers Prefer ‘invisible Security’ to Passwords

“Could the era of passwords be drawing to a close? Decades of fumbling around to remember the right password or constantly resetting or having to jump through multiple authentication hoops have made them dirty words for many consumers. All those headaches, and there’s still a good chance your personal information will wind up somewhere for sale on the internet. Perhaps it’s not surprising then, according to a new survey released by Experian, that consumers are embracing new methods of security that are physical and behavior-based. Indeed, according to the company’s 2021 Global Identity and Fraud Report , consumers did not rank passwords among the top 3 most secure ways to protect identity.”