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CloseMetrics matter because what you can measure, you can improve. Metrics provide visibility into what is and is not working for a business, enabling the company to improve processes or make strategic investments to maximize efficiency and revenue.
Authentication is a vital component of the user experience. In fact, many of a user’s most important—and potentially most frustrating—interactions with a company’s website involve the authentication system, including:
Authentication must provide security, efficiency, and a positive customer experience. However, determining whether an organization’s existing systems achieve these goals requires a means of measuring these properties, making authentication metrics essential to a company’s success and profitability.
Making authentication as seamless and painless as possible is vital to optimizing the user experience and maximizing revenue.
Companies can measure the effects of authentication on the user experience via: user conversions, usage of various authentication methods, and failed authentication attempts.
Users will need to authenticate at various times ways, including:
A painful authentication experience is a common cause of cart abandonment and lost sales. By measuring conversion rates when users are performing authentication actions, a company can determine if a time-consuming or high-friction authentication experience is driving losses in sales and revenue.
Speed in seconds or milliseconds is also an indicator of authentication health. If authentication is too slow, the user will be more likely to drop off.
Typically engineering teams have tools in place to measure the time it takes for each step during an authentication request, challenge, and response. This is not only a helpful measurement for troubleshooting, it can help identify areas of improvement to accelerate the authentication flow.
Most companies have a variety of different authentication mechanisms available to users. At a minimum, most web pages offer password-based logins as well as single sign-on (SSO) using social media accounts (Google, Facebook, Apple, etc.). Users may also have enabled multi-factor authentication (MFA) with various factors, such as SMS-based one-time passwords, authenticator apps, or biometrics.
The percentage of customers using each available authentication mechanism can provide valuable insight into whether an authentication mechanism is working for customers. If most users are opting for social logins over passwords or avoid SMS-based one-time passcodes (OTP), this is an indication that passwords and SMS-based OTP are providing a poor user experience.
Most of the user authentication experience is performed on the company website. However, some authentication experiences—such as password resets and MFA—involve out-of-band (OOB) communications using SMS, email, or mobile apps.
These OOB communications are a common source of UX friction and abandoned sessions. If an SMS or email takes too long to arrive or a user needs to grab their smartphone to get a one-time password, they might abandon the session. Measuring the success and failure rates of password resets, MFA, and similar communications can provide insight into whether these processes are resulting in lost customers and sales.
The purpose of authentication mechanisms and processes is to verify a customer’s identity. If the authentication process can be bypassed or exploited, the attacker gains illegitimate access to the user’s account and their sensitive data.
Account takeover attacks are a common threat to businesses and their customers. If an attacker can guess or steal a user’s authentication information (password, MFA codes, etc.), they can perform fraud using the customer’s accounts.
By measuring its vulnerability to account takeover attacks, a business can determine the strength of its authentication system and its potential exposure to fraud. Some key account takeover metrics include:
Successful account takeover attacks hurt both customers and the business. Securing the authentication process can improve profitability, enhance the user experience, and simplify compliance with data protection regulations.
The user authentication process can follow one of two potential paths. A successful authentication provides the user with immediate access to their account. A failed attempt, on the other hand, can force a user to start over or follow a time-consuming and painful account recovery process.
Optimizing the authentication experience requires metrics for both of these paths. On the positive path, a company should measure the latency or speed of authentication. If the authentication process takes too long, it could result in lost customers and consume a company’s IT resources.
The path of account recovery can create significant costs for an organization as resources are diverted to support password resets or other account recovery actions. Some key recovery metrics to track include:
All of these metrics show the cost of password resets and other authentication-related support calls. This can help a business to determine the return on investment of transitioning to a passwordless authentication system that eliminates these issues.
Companies have various options for authentication mechanisms. However, some are better than others. For example, many of the user experience, security, and operational efficiency issues that companies face are specific to password-based authentication systems. Attempts to bolster the security of these systems with MFA provides limited benefits, especially with weak authentication factors and low consumer adoption.
Companies looking to improve the user experience and decrease costs to the business should consider making a switch to passwordless authentication. Passwordless authentication is easier for customers to use, offers stronger security than passwords, and eliminates the need for painful, expensive, and high-friction password reset processes. Additionally, passwordless authentication reduces costs and improves profitability for businesses by decreasing their risk of data breaches and eliminating authentication-related customer support calls.
By making authentication secure and easy, you can not only drive revenue forward but also reduce operational costs for your internal teams. Learn more about making the switch to passwordless today with Beyond Identity.
Metrics matter because what you can measure, you can improve. Metrics provide visibility into what is and is not working for a business, enabling the company to improve processes or make strategic investments to maximize efficiency and revenue.
Authentication is a vital component of the user experience. In fact, many of a user’s most important—and potentially most frustrating—interactions with a company’s website involve the authentication system, including:
Authentication must provide security, efficiency, and a positive customer experience. However, determining whether an organization’s existing systems achieve these goals requires a means of measuring these properties, making authentication metrics essential to a company’s success and profitability.
Making authentication as seamless and painless as possible is vital to optimizing the user experience and maximizing revenue.
Companies can measure the effects of authentication on the user experience via: user conversions, usage of various authentication methods, and failed authentication attempts.
Users will need to authenticate at various times ways, including:
A painful authentication experience is a common cause of cart abandonment and lost sales. By measuring conversion rates when users are performing authentication actions, a company can determine if a time-consuming or high-friction authentication experience is driving losses in sales and revenue.
Speed in seconds or milliseconds is also an indicator of authentication health. If authentication is too slow, the user will be more likely to drop off.
Typically engineering teams have tools in place to measure the time it takes for each step during an authentication request, challenge, and response. This is not only a helpful measurement for troubleshooting, it can help identify areas of improvement to accelerate the authentication flow.
Most companies have a variety of different authentication mechanisms available to users. At a minimum, most web pages offer password-based logins as well as single sign-on (SSO) using social media accounts (Google, Facebook, Apple, etc.). Users may also have enabled multi-factor authentication (MFA) with various factors, such as SMS-based one-time passwords, authenticator apps, or biometrics.
The percentage of customers using each available authentication mechanism can provide valuable insight into whether an authentication mechanism is working for customers. If most users are opting for social logins over passwords or avoid SMS-based one-time passcodes (OTP), this is an indication that passwords and SMS-based OTP are providing a poor user experience.
Most of the user authentication experience is performed on the company website. However, some authentication experiences—such as password resets and MFA—involve out-of-band (OOB) communications using SMS, email, or mobile apps.
These OOB communications are a common source of UX friction and abandoned sessions. If an SMS or email takes too long to arrive or a user needs to grab their smartphone to get a one-time password, they might abandon the session. Measuring the success and failure rates of password resets, MFA, and similar communications can provide insight into whether these processes are resulting in lost customers and sales.
The purpose of authentication mechanisms and processes is to verify a customer’s identity. If the authentication process can be bypassed or exploited, the attacker gains illegitimate access to the user’s account and their sensitive data.
Account takeover attacks are a common threat to businesses and their customers. If an attacker can guess or steal a user’s authentication information (password, MFA codes, etc.), they can perform fraud using the customer’s accounts.
By measuring its vulnerability to account takeover attacks, a business can determine the strength of its authentication system and its potential exposure to fraud. Some key account takeover metrics include:
Successful account takeover attacks hurt both customers and the business. Securing the authentication process can improve profitability, enhance the user experience, and simplify compliance with data protection regulations.
The user authentication process can follow one of two potential paths. A successful authentication provides the user with immediate access to their account. A failed attempt, on the other hand, can force a user to start over or follow a time-consuming and painful account recovery process.
Optimizing the authentication experience requires metrics for both of these paths. On the positive path, a company should measure the latency or speed of authentication. If the authentication process takes too long, it could result in lost customers and consume a company’s IT resources.
The path of account recovery can create significant costs for an organization as resources are diverted to support password resets or other account recovery actions. Some key recovery metrics to track include:
All of these metrics show the cost of password resets and other authentication-related support calls. This can help a business to determine the return on investment of transitioning to a passwordless authentication system that eliminates these issues.
Companies have various options for authentication mechanisms. However, some are better than others. For example, many of the user experience, security, and operational efficiency issues that companies face are specific to password-based authentication systems. Attempts to bolster the security of these systems with MFA provides limited benefits, especially with weak authentication factors and low consumer adoption.
Companies looking to improve the user experience and decrease costs to the business should consider making a switch to passwordless authentication. Passwordless authentication is easier for customers to use, offers stronger security than passwords, and eliminates the need for painful, expensive, and high-friction password reset processes. Additionally, passwordless authentication reduces costs and improves profitability for businesses by decreasing their risk of data breaches and eliminating authentication-related customer support calls.
By making authentication secure and easy, you can not only drive revenue forward but also reduce operational costs for your internal teams. Learn more about making the switch to passwordless today with Beyond Identity.