On average an employee holds 27 accounts and it costs company $420 annually loss in productivity per employee due to fighting with password recovery. 210000$ is a total loss for a company with 500 employees. On the other hand, according to Ponemon Institute, $3,62 Million is lost on average with every Security Breach. For instance, Credential Stuffing is a global problem for both individuals and enterprises. The monetary cost of fraud associated with credential stuffing ranges from $546,000 to over $54 million company/ year.
The authentication services market size is expected to grow from USD 622.9 Million in 2017 to USD 16,2 Billions by 2022, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period.
Every company faces the following challenges when implementing IAM solution: Authentication, Security, Auditability and accountability, Ease of Use: Efficiency and Productivity, Manageability
Hideez Key shifts responsibility for password management from user to Enterprise. Small and medium sized enterprises turn to Hideez Key when looking for low-cost alternative to fully deployed privileged access management solution or a perfect supplement for existing infrastructure, MFA, SSO, Enterprise Mobility Management, and Cloud Solutions.
Layers of Security
Hideez Enterprise Server monitors and manages all users. It grants privileged access for Privileged Users with a Hardware Token and Software token to guard non-privileged users.
Oleg Naumenko CEO and Founder
[email protected] +1 (650) 416 80 54