Passwords are outdated and increasingly ineffective against cyber threats. With the average user juggling 85 passwords across work and personal accounts and mid-sized companies using 137 SaaS apps, the burden on employees and IT help desks is immense. Over 300 billion passwords are in circulation, 613 million have been exposed in breaches, and more than 80% of hacking-related breaches involve weak or stolen credentials. The costs are high, with large organizations spending $1 million annually on password resets. Shifting to single sign-on, MFA, and passwordless authentication reduces risk, improves user experience, and lowers support costs by up to 87%.

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