{"id":109170,"date":"2025-01-03T16:30:00","date_gmt":"2025-01-03T21:30:00","guid":{"rendered":"https:\/\/jumpcloud.com\/?p=109170"},"modified":"2025-02-07T13:37:13","modified_gmt":"2025-02-07T18:37:13","slug":"multi-factor-authentication-statistics","status":"publish","type":"post","link":"https:\/\/jumpcloud.com\/blog\/multi-factor-authentication-statistics","title":{"rendered":"2025 Multi-Factor Authentication (MFA) Statistics & Trends to Know"},"content":{"rendered":"\n
Multi-Factor Authentication<\/a> (MFA) is about verifying who you are in more ways than one, making it tougher for unauthorized users to gain access to sensitive information. It’s a critical tool in the arsenal of identity and access management, ensuring that a simple username and password aren’t the only gates guarding your digital accounts.<\/p>\n\n\n\n When you log in, MFA might ask for something more \u2013 a code from an app, an answer to a personal question, or even a quick biometric check like a fingerprint or facial scan. While a savvy hacker might guess or steal a password, replicating your biometrics or snagging a one-time code is a much taller order.<\/p>\n\n\n\n By adding these extra verification steps, MFA goes a long way in preventing unwanted access, safeguarding against data breaches, account takeovers, and a host of other digital threats. MFA adoption works best when it improves IT efficiency, user friendly, and is phishing-resistant<\/a>.<\/p>\n\n\n\n JumpCloud\u2019s 2024 IT Trends Report<\/a> found that 83% of organizations use password-based authentication for some IT resources, 83% also require MFA and over two-thirds require biometrics (66%)\u2014even though 67% of IT professionals agree that adding additional security measures means a more cumbersome experience. <\/p>\n\n\n\n The average employee has three to five passwords to log into their IT resources, though 15% of employees average 10 passwords or more.<\/p>\n\n\n\n According to Microsoft<\/a>, Microsoft’s systems are subjected to over 1,000 password attacks every second, showcasing the relentless nature of cyber threats. Crucially, more than 99.9% of the accounts that end up being compromised do not have MFA enabled.<\/p>\n\n\n\n More than half of the individuals hold a positive opinion of online platforms implementing multi-factor authentication (MFA). Among these, 67%<\/a> from the United Kingdom believed that services employing MFA demonstrated a commitment to protecting personal data.<\/p>\n\n\n\n Based on a recent survey conducted by Okta, the use of multi-factor authentication (MFA) is on the rise. As of January 2023, almost two-thirds of users are employing MFA for authentication.<\/p>\n\n\n\n A recent KnowBe4<\/a> survey involving 2,600 IT professionals reveals significant differences in security practices between large organizations and small to mid-sized organizations. While only 38% of large organizations neglect to use multi-factor authentication (MFA) for securing user accounts, a much higher proportion, 62%, of small to mid-sized organizations do not implement MFA.<\/p>\n\n\n\n Almost 97% of large organizations have a strict and enforced password policy<\/a>, in contrast to just under 88% of small to mid-sized organizations.<\/p>\n\n\n\n Regarding the adequacy of these password policies, 49% of large organizations believe their current policy is not sufficient. <\/p>\n\n\n\n 48% of small to mid-sized organizations are of the opinion that their password policy is adequate.<\/p>\n\n\n\n In a 2024 JumpCloud survey<\/a> of over 1,000 SME IT professionals, 83% of respondents said they required employees to use MFA to access all their resources. A similar survey<\/a> found that:<\/p>\n\n\n\n Learn about the human challenges<\/a> of conventional MFA adoption.<\/p>\n<\/blockquote>\n\n\n\n The Workplace Password Malpractice Report<\/a> highlights a concerning trend in password security, emphasizing the need for stronger practices. The report indicates that the most common passwords continue to be overly simple and predictable, including \u201c123456\u201d, \u201c123456789\u201d, \u201cqwerty\u201d, \u201cpassword\u201d, and \u201c12345\u201d. This choice of easily guessable passwords presents a significant security risk.<\/p>\n\n\n\n The study further reveals that 57% of individuals resort to writing down their passwords on sticky notes, with 67% of these individuals admitting to losing these notes, thereby increasing the risk of unauthorized access. <\/p>\n\n\n\n You might also like Password Security Best Practices<\/a>.<\/p>\n\n\n\n These findings underscore the vulnerability of relying solely on passwords for account security. The implementation of multi-factor authentication (MFA) is recommended as an effective countermeasure.<\/p>\n\n\n\n MFA adds an additional layer of security, ensuring that even if a password is compromised, unauthorized access is still preventable. The report’s insights point to the urgent need for enhanced password management and the adoption of robust security measures like MFA in organizational practices.<\/p>\n\n\n\n The multi-factor authentication (MFA) market is experiencing significant growth and is projected to expand considerably in the coming years. According to Grand View Research, the MFA market is expected to reach $17.76<\/a> billion by 2025. This growth is propelled by advancements in biometric technologies, cloud computing, and other factors.<\/p>\n\n\n\n In a broader context, the global multi-factor authentication market was valued at $10,300 million in 2020. It’s projected to grow to an impressive $40,000 million by 2030, registering a compound annual growth rate (CAGR) of 18%<\/a> from 2021 to 2030. This projection underscores the increasing demand and adoption of MFA solutions across various sectors.<\/p>\n\n\n\n Another notable aspect of the MFA market is its concentration. Major players in the industry hold a significant portion of the market share, ranging between 45% to 50%. This concentration indicates a competitive landscape where a few key companies dominate, likely due to their established presence, technological advancements, and comprehensive MFA solutions.<\/p>\n\n\n\n These trends and projections highlight the growing recognition of MFA as a critical component of cybersecurity strategies in an increasingly digital world.<\/p>\n\n\n\n Regarding the types of MFA used, there is a clear preference for software-based solutions. A significant 95%<\/a> of employees who use MFA opt for software-based options, like mobile apps. <\/p>\n\n\n\n This preference is likely due to the convenience and ease of use associated with software solutions. In contrast, hardware-based solutions are used by only 4% of employees, and biometric methods are even less common, with a mere 1% adoption. The low usage of biometrics, despite their security benefits, could be attributed to factors like cost, technological maturity, and user familiarity.<\/p>\n\n\n\n Experience a walkthrough<\/a> of how MFA works in JumpCloud<\/p>\n<\/blockquote>\n\n\n\n If you’ve set up multi-factor authentication (MFA) for your accounts, you’ve taken a significant step towards safeguarding your digital identity. While the ideal goal is to achieve 100% protection, the current rate of 28%<\/a> of users who have enabled MFA are still targeted by attackers. The fact that these targets have MFA in place forces attackers to find ways to bypass MFA itself, leading to the emergence of more sophisticated attack methods.<\/p>\n\n\n\n Some examples of these advanced attack techniques include:<\/p>\n\n\n\n These evolving threats highlight the necessity of not just adopting MFA<\/a>, but also of continuously updating and refining MFA methods to stay ahead of attackers. As cyber threats become more advanced, it becomes crucial to adopt the most secure forms of MFA and remain vigilant against new types of attacks. This proactive approach is essential in ensuring the highest level of security for digital identities and assets.<\/p>\n\n\n\nMFA Statistics – Editor\u2019s Picks<\/h2>\n\n\n\n
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Latest Multi-factor Authentication Stats<\/h2>\n\n\n\n
Multi-Factor Authentication Usage in Organizations<\/h2>\n\n\n\n
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Password Hygiene <\/h2>\n\n\n\n
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Multi-Factor Authentication (MFA) Market Statistics<\/h2>\n\n\n\n
Multi-Factor Authentication (MFA) Software Statistics<\/h2>\n\n\n\n
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Multi-factor Authentication Attacks<\/h2>\n\n\n\n
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JumpCloud Go\u2122 offers Phishing Resistant MFA<\/h2>\n\n\n\n