Are passwords obsolete? Thoughts from a famous fraudster.
In the next two to three years we'll see passwords go away in a way that's long overdue.
FRANK W. ABAGNALE: Passwords are for treehouses. Many, many years ago I wrote that comment and I live by it today. Passwords were invented in 1964. I was 16 years old. I didn't even do any of the things I had done yet. And today I'm 71 years old and we are still using passwords. When we look at ransomware and when we look at malware and we look at breaches about 86 percent of the time it is a cause of passwords. Passwords were the root of the problem to begin with. We really need to move away from passwords and consequently we've now developed the technology to do just that. You're starting to see now companies very quickly eliminate the need for passwords. You may have seen an ad recently with Serena Williams running through a marketplace. She's in her jogging outfit. She sees a necklace she likes. She only has her phone so she walks over to a bank's ATM, she presses the bank's app on her phone, she gets her money - no password, no card. That's a technology called Trusona which stands for true persona of the individual.
Recognizing the individual by their device and doing it accurately. And so the airlines are switching, banks are switching, companies are switching to eliminate – universities are doing away with passwords from students. I think in the next two or three years we'll see passwords go away and that's long overdue. We should have done that a long time ago. When we get to technologies with inside companies that's the problem today. Most companies don't do a lot of that technology because one, it's costly and two, they're under this influence that it can never happen to me, I'm a small business. If you're a small business it's 48 percent more chance that it's going to happen to you than it's going to happen to big Fortune 500 company. But companies have that attitude that it's not going to happen to me. I don't want to spend the money to update my technology and my system. I don't even want to train my employees.
And that's why I think if you're taking that attitude, that attitude is kind of negligent and I think you should be held responsible if, in fact, someone does get that information and causes harm to your customer or your citizen or your client.
- When we look at online breaches, about 86 percent of the time the hacks have to do with passwords. Because of this, many security experts believe we need to move away from using them.
- Consequently, we've now developed the technology to do just that. For instance, we now have a technology called Trusona — it stands for "true persona." The technology recognizes the individual, more accurately, based on their device.
- Many industries are already switching to this method of identity verification. Airlines are already switching, banks are switching, universities, too, are switching.
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- The Extinction of Passwords - Big Think ›
"It's just a joke," right?
Q: Why did the woman cross the road?
A: Who cares! What the hell is she doing out of the kitchen?
Q: Why hasn't NASA sent a woman to the moon?
A: It doesn't need cleaning yet!
These two jokes represent disparagement humor – any attempt to amuse through the denigration of a social group or its representatives.
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Paying a fee for greenhouse gas emissions may spur a revolution, in terms of corporate behavior, amid the climate crisis.
- When it comes to politically addressing the climate crisis, we need politicians from both sides of the aisle to work together to create policies that bring about a more sustainable tomorrow.
- If we enact policies that require companies to pay for their greenhouse gas emissions, we would see an immediate change of behavior from them, in regard to how much they contribute to climate change.
- There's growing agreement that the climate crisis is real among both Republicans and Democrats. The main concern, however, among those who are still critical of its significance is whether it will limit people's choices or slow the economy.