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.

[via]

Subscribe to NBW newsletter

more AI news

Gradium secures $100M seed funding to enhance AI voice tech

Gradium, a Paris-based AI voice startup, has raised $100M in seed funding to expand its operations and enhance its voice technology.

CXMT Aims to Disrupt Memory Chip Market with Major IPO

CXMT is poised to challenge the global memory chip market with a significant IPO as it aims to bolster China’s semiconductor independence.

Mercor’s Strategic Acquisition of Deeptune Enhances AI Training Capabilities

Mercor acquires Deeptune to bolster AI training environments, leveraging simulated software for enhanced agent learning.

GIM secures $20 million to revolutionize AI in investing

GIM raises $20 million to advance AI-driven investment strategies, focusing on autonomous hypothesis generation and testing in capital markets.

Canva Elevates Enterprise Creativity with AI Workflows

Canva is revolutionizing enterprise creativity by integrating trusted AI workflows that prioritize security and collaborative editing.

Kraken Technology Group secures $175M funding, hits $1B valuation

Kraken Technology Group has raised $175 million, boosting its valuation to $1 billion as it advances its autonomous ship technology.