In an age where sophisticated threats like deepfakes and AI-driven attacks are prevalent, the study underscores a crucial shift in cybersecurity strategy. Traditional MFA methods now struggle to withstand modern social engineering attacks.
Ronnie Manning, Yubico’s chief brand advocate, emphasised the foundational importance of phishing-resistant MFA in today’s cybersecurity landscape, stating that it has become essential for organisational resilience.
A Forrester Total Economic Impact report highlights how organisations can achieve a remarkable 265% return on investment (ROI) by utilising YubiKeys as a replacement for traditional multi-factor authentication (MFA) and one-time passwords (OTPs).
According to Yubiko, organisations deploying YubiKeys reportedly eliminated phishing and credential theft risks, slashing exposure to breach costs by an astounding 99.99%.
Key findings reveal total benefits of $7.3 million over three years. Notable gains include:
- Strengthened security ($1.6 million): By removing phishing risks, organisations reduced the chances of credential-based breaches significantly.
- Enhanced user experience ($2.2 million): YubiKeys facilitated authentication speeds that were 80% faster than legacy methods, easing password policy complexities.
- Operational efficiency ($1.7 million): Savings included $912,000 from labour costs related to investigations and another $476,000 from reduced help desk requests for password resets.
- Business growth ($1.9 million): Improved security bolstered brand trust, aiding in compliance and winning new business.
Yubico is not just focused on financial outcomes but is also steadfast in supporting organisations transitioning to a Zero Trust architecture. YubiKeys provide versatile security across various environments and protocols, ensuring comprehensive protection from legacy systems to modern applications.
In addition, Yubico offers a suite of enterprise services like YubiKey as a Service, converting capital expenditures into predictable operational costs and facilitating seamless deployment and management of YubiKeys.
As organisations in Asia grapple with evolving cyber threats, the vendor claims integrating YubiKeys into their security frameworks presents a proactive, effective strategy for enhancing both resilience and user experience. This move is important for staying ahead in an increasingly complex cyber landscape.
