As cyber threats become more sophisticated, the need for robust, phishing-resistant security has never been more critical. In today’s hyper-connected world, a single breach can jeopardize not just personal data but also entire organizations. Recent industry insights highlight the growing cybersecurity challenges and the urgent need for modern solutions like passkeys and multi-factor authentication (MFA) to safeguard both individuals and businesses.
A recent Global State of Authentication Survey by Yubico highlighted an alarming reliance on outdated security methods. Despite growing awareness of cyber threats, 58% of individuals still use usernames and passwords to log into personal accounts, and 54% use the same credentials for work accounts. This reliance leaves both businesses and users vulnerable to phishing attacks and social engineering, especially as the sophistication of these attacks increases with the help of AI and deepfakes.
For companies seeking global approvals, this trend poses significant risks. As markets like the U.S. (NIST), EU (NIS2), and others tighten their security standards, businesses must ensure their devices meet both technical and cybersecurity standards. One of the most effective ways to mitigate these risks is through the adoption of phishing-resistant multi-factor authentication (MFA), such as passkeys and hardware security keys.
Why Phishing-Resistant MFA Matters for Compliance
Phishing-resistant MFA provides a strong layer of protection by eliminating the reliance on traditional, easily compromised methods like SMS-based authentication. With 37% of survey respondents mistakenly considering SMS-based authentication as secure there is a pressing need for businesses to adopt modern MFA solutions to protect both their users and their products.
Compliance with global standards increasingly requires demonstrating that products have robust security features built in. This is especially important for devices in industries like telecom, healthcare, and financial services, where the risk of phishing and cyberattacks is particularly high. In these industries, regulatory bodies now mandate the use of strong encryption, phishing-resistant authentication, and secure user recovery processes.
Aligning with Global Security Regulations
Meeting phishing-resistant authentication standards not only protects end-users but also aligns products with global regulatory expectations. From ACMA in Australia to FCC in the U.S., governments around the world are mandating stronger security measures for devices entering their markets. Compliance with these standards is no longer optional—it is essential for companies aiming to succeed on a global scale.
By ensuring that devices are equipped with phishing-resistant MFA and undergoing rigorous pre-compliance testing, companies can streamline their path to global approvals and safeguard their products against potential security vulnerabilities.
Conclusion: Embracing Phishing-Resistant Authentication for Global Success
Meeting phishing-resistant authentication standards not only protects end-users but also aligns products with global regulatory expectations. From ACMA in Australia to FCC in the U.S., governments around the world are mandating stronger security measures for devices entering their markets. Compliance with these standards is no longer optional—it is essential for companies aiming to succeed on a global scale.
By ensuring that devices are equipped with phishing-resistant MFA and undergoing rigorous pre-compliance testing, companies can streamline their path to global approvals and safeguard their products against potential security vulnerabilities.
