Financial Sector Struggles with Phishing-Resistant MFA Adoption
A new report reveals that just 28% of financial organizations have implemented phishing-resistant MFA, highlighting significant security vulnerabilities.
- Only 28% of the financial workforce utilizes phishing-resistant multi-factor authentication (MFA).
- MFA adoption is significantly higher for SaaS applications at 74% compared to just 50% for legacy systems.
- Key barriers to broader MFA implementation include technical complexity and budget constraints.