Frank Abagnale, an FBI cybersecurity specialist and identity fraud expert, wants to get rid of passwords.
“This is a 1970s technology, and passwords are the root of all evil. They’re stagnant, they need to be gone and everybody wants to get rid of them,” Abagnale told CRN.
The largest banks in the United States spend millions each month on resetting passwords in their call centers. And while eliminating passwords can lead to significant savings for these institutions, in order to do so, the right technology needs to be in place.
