"The password is still king," Hazlewood told CSO. "Until some other multi-factor authentication, like a debit card, can be used for online interaction, almost every single technology that's been invented has not been as widely adopted by the average consumer as the password."
However, businesses have made some headway in authentication in recent times. "In the last couple of years, we've seen a lot stronger acceptance of multi-factor authentication," Hazlewood noted.
"But the reason that works in the corporate environment is because you have top-down management that forces it on everyone in the company," he said. "That pressure doesn't exist in the consumer world, so you're not seeing adoption of that kind of technology there."
Sign up for CIO Asia eNewsletters.