Overall, password-related productivity losses cost £480,000 per year for an average UK business with 1500 employees. In this respect, technology is having a negative impact on productivity, but it can also be the key to boosting productivity.
Forward-thinking organisations are implementing password-less ways of working, especially for mobile workers. By providing password-free single sign-on access and multi-factor authentication solutions for all employees, organisations are reducing time wasted on inputting, managing and resetting passwords. Plus, they are benefiting from more efficient security with reduced IT and administration costs.
In an average organisation with 1000 employees, the cost reduction generated by secure password-less solutions such as iDENprotect is up to £2.5 million.