Ashish Chandra, Wipro's Global Identity Practice Leader, discusses the critical need for eliminating user passwords in enterprise environments, emphasizing why this shift is essential today and how organizations can begin the transition. While many enterprises are rapidly adopting multi-factor authentication (MFA), phishing attacks have increased by an alarming 569% in 2022, with 2023 showing no signs of improvement. Alarmingly, 90% of phishing incidents lead to ransomware or data breaches. The next evolution of MFA lies in passwordless solutions, which remove vulnerable passwords from the authentication process entirely.
