Moving away from good old passwords in the era of artificial intelligence

The covid-19 outbreak has led many to fall back extensively on digital infrastructure—be it collaborating virtually with co-workers and clients across geographies, or ordering essential goods and services through e-commerce portals. If demonetization was the first impetus, covid-19 may well be the second phase of accelerated digital adoption. The lockdown has, on the one hand, propelled citizens to go digital and, on the other, migrated a new set of consumers into the digital payments ecosystem. However, like the World Economic Forum’s Global Risks Report 2020 mentions, data theft is one of the top risks that businesses are likely to face in the long term. And, with this unprecedented digital adoption, what becomes critical is safe and secure access to online services, and unwavering data protection of organizations and consumers. With a possible rise in cyberattacks under the circumstances, this is a much-needed step.