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Security measures like one-time passwords are becoming more common

To counter growing cyber threats, many companies are embracing additional security methods to limit threats.

Published Sat, Feb 22 2014 7:20 AM CST   |   Updated Mon, Oct 19 2020 8:15 PM CDT

Companies searching for new methods to keep networks safe and defend against cyberattacks are increasingly turning to strong authentication and one-time passwords, according to market research firm Frost & Sullivan.

Security measures like one-time passwords are becoming more common | TweakTown.com

Strong authentication is the technique used by banking and financial institutions, while one-time passwords are single-use passwords that better protect against phishing and other security breaches.

Smaller boutique security vendors have popped up to help fill the void in a booming security market. Since more companies and consumers are scrambling for security solutions this will lead to a market of acquisitions as larger companies gobble up smaller, niche security firms.

"The strong authentication market does not have a single future but many futures, as different use cases and levels of requirements will necessitate diverse solutions," said Frank Dickson, Frost & Sullivan network security industry analyst, in a press release. "To that end, attaining technology through acquisitions or licensing is a successful strategy to address product portfolio deficiencies."

The use of sophisticated malware has been in the news a lot over the past 12 months, with cybercriminals honing their digital skillsets. Malware isn't a new security threat, but growing sophistication and an expanding black market now makes it easier for people to compromise users.

NEWS SOURCE:frost.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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