The more digital services a consumer uses (even beyond banking), the more passwords they’re forced to remember.
Even if only a few passwords are used with slight variations, it is difficult to keep up with which account goes with which variation.
If we push authentication too far, users won’t trust it.
Adult backdoor passwords
The company interviewed 4,000 people and said that 31% of 18-24 year olds were using the fingerprint scanners on their phones, compared with 8% of those aged over 65.
Deloitte predicts there will be one billion smartphones with fingerprint readers in use by the end of 2017 and that the technology will spread to cheaper models.
“You can share a password but not a fingerprint,” said Mr Lee.
In the report, , Deloitte said that while fingerprints had taken a long time to gain traction, the technology had taken off during the past three years.
According to a research study done by Telesign, 73% of adults in the US and UK use the same password for everything.