2271: Yubico - YubiKey: Strong Authentication, Less Friction

Yubico, the company behind the YubiKey, is revolutionizing online security with its hardware-based security keys. These keys provide an extra layer of protection for your online accounts, making them less vulnerable to cyber threats such as phishing, man-in-the-middle (MitM) attacks, SIM swapping and account takeovers. The YubiKey is the world's first security key and protects over 4,000 organizations worldwide.

The shift to remote work due to the pandemic has highlighted the need for better cybersecurity measures. According to Yubico's research, 42% of people feel more vulnerable to cyber threats while working from home, and 39% feel unsupported by IT. However, hardware-based security keys like the YubiKey provide a more secure solution while reducing friction at login. They meet the FIDO2 and WebAuthn standards, helping to pave the way for interoperability.

Niall McConachie, Regional Director (UK & Ireland) at Yubico discusses the most common cyber threats people face and why not all security is equal. He emphasized that while one-time passcodes (OTPs) sent by SMS or mobile authentication apps are the most popular forms of two-factor authentication (2FA), they are still vulnerable to attacks. On the other hand, hardware-based security keys provide strong authentication and reduce the friction of logging in to multiple apps and accounts each day.

Niall also discusses the future of secure, passwordless authentication. The evolving modern authentication ecosystem, with the help of hardware-based security keys, is paving the way for a future where passwords are no longer the primary form of authentication. This not only makes our online accounts more secure, but also reduces the hassle of remembering multiple passwords.

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