Almost 11 hours are lost every year resetting passwords, according to a new report published on Tuesday.
Individuals spend on average just over 12 minutes every week entering and resetting passports. That comes at a huge cost for the average size company, approximately 15,000 employees in the study conducted by security firm Yubico.
The estimated cost of productivity per organisation averages $5.2 million annually.
63% of respondents said they are more concerned about the privacy and security of their personal data than two years ago.
Government snooping was the main concern cited by those polled in the survey.
More than half of those polled said they have experienced a phishing attack in their personal life, while 44% had had a phishing attack at work. However, 57% of those who had experienced a phishing attack did not change their password behaviours.
“For decades, passwords have been the primary method of authentication used to protect data and accounts from unauthorized access. However, this multi-country research illustrates the difficulties associated with proper password hygiene,” said Yubico CEO Stina Ehrensvard.
“With every new password breach that we see, it’s become increasingly clear that new security approaches are needed to help individuals manage and protect their accounts both personally and professionally.”
Yubico surveyed 1,761 people in the US, UK, Germany and France.
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Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
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Match info
Who: India v Afghanistan
What: One-off Test match, Bengaluru
When: June 14 to 18
TV: OSN Sports Cricket HD, 8am starts
Online: OSN Play (subscribers only)
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
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Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
The specs: 2019 Lincoln MKC
Price, base / as tested: Dh169,995 / Dh192,045
Engine: Turbocharged, 2.0-litre, in-line four-cylinder
Transmission: Six-speed automatic
Power: 253hp @ 5,500rpm
Torque: 389Nm @ 2,500rpm
Fuel economy, combined: 10.7L / 100km
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