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What to Expect in 2018: Ping Identity Predicts Proliferation of Blockchain Identities and Death of Knowledge-Based Authentication
Denver — January 17, 2018
Ping Identity, the leader in Identity Defined Security, has unveiled its top five cybersecurity predictions for 2018, authored by its CTO office. These include advances in biometrics, the mass exposure of personally identifiable information from numerous data breaches, and a blockchain craze in 2018.
“With rampant data breaches in 2017 targeting victims from consumers and enterprises to politicians and nation states, the protection of personally identifiable information has never been more important,” said Patrick Harding, CTO, Ping Identity. “While new threats will continue to emerge, 2018 looks promising for advancements and innovation in cybersecurity.”
The following highlights Ping Identity’s top five cybersecurity predictions for 2018:
Multi-factor authentication has already been drastically enhanced with the addition of biometrics like fingerprint sensors in devices. However, with the introduction of Apple’s iPhone X with the FaceID feature in 2017, facial biometrics officially stole the spotlight. Android is already planning to adopt it widely into its ecosystem. Ping Identity expects authentication with facial recognition will take off this year.
Knowledge-based authentication—a known fact that grants access to an account, e.g. “your first pet’s name”—is arguably the weakest authentication method. This information is as easy to find today on social media as a phone number. To replace knowledge-based authentication experiences, expect to see services such as “photograph your physical ID” thrive in 2018.
This is the year where the authentication ceremony starts to blur a bit. As zero-login technologies start to gel, continuous authentication based on passive factors will become more pervasive, leading to a strange phenomenon where users are in fact being authenticated more often, but challenged less often.
Last year was a defining year for cryptocurrencies, with a market value increase of more than 2,700 percent. Cryptocurrencies are based on blockchain technologies, and the millions of individuals currently invested in the crypto market with a crypto wallet have their own blockchain identities. Identities are all based on public keys, while the private keys are managed by the crypto wallets. In 2018, we will see these blockchain identities being used for non-crypto identity-related uses.
As effective as multi-factor authentication (MFA) is at curbing opportunistic attacks, a determined and persistent hacker cannot always be stumped. Now that MFA has become a normalized part of identity protection, expect bad actors to harvest metadata about the types of additional factors associated to a given account—in order to begin to mount opportunistic automated multi-factor attacks across multiple sites.
To learn more about these trends, visit the Ping Identity blog.
About Ping Identity
At Ping Identity, we believe in making digital experiences both secure and seamless for all users, without compromise. That’s digital freedom. We let enterprises combine our best-in-class identity solutions with third-party services they already use to remove passwords, prevent fraud, support Zero Trust, or anything in between. This can be accomplished through a simple drag-and-drop canvas. That’s why more than half of the Fortune 100 choose Ping Identity to protect digital interactions from their users while making experiences frictionless. Learn more at www.pingidentity.com.
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