1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. SAP SE
  6. News
  7. Summary
    SAP   DE0007164600

SAP SE

(SAP)
  Report
Real-time Estimate Tradegate  -  02:58 2022-08-08 pm EDT
92.45 EUR   +0.24%
08/04SAP SE : Berenberg remains its Buy rating
MD
08/01SAP Starts EUR500 Million Buyback Program
DJ
08/01SAP SE : Release of a capital market information
EQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

The Take: Passwords Are Leaving, Cybercriminals Are Not

06/24/2022 | 11:06am EDT

What's News

This fall, as part of its newest software update, Apple will allow users to make those annoying passwords a thing of the past on apps and online accounts. Microsoft, Google, and about 250 other companies are also seeking to replace passwords with password-less technologies.

Passkeys operate as pairs, and each passkey, when generated, is unique. One key sits on the service provider's server. The other on the user's device. In the case of Apple, the two keys are connected by Apple on the backend, and the user authenticates this with FaceID or TouchID.

SAP's Take

Businesses are keeping close tabs on the progress of these password-less technologies. Password-less authentication would make many business processes easier to use and more seamless, and many companies have announced their commitment to accelerate availability of password-less sign-ins. Gartner predicts that 60% of large and global enterprises will implement password-less methods in more than 50% of use cases.

"Any industry that handles personal and sensitive information, including banking, healthcare, technology… any organization that wants to keep data away from the hands of threat actors would benefit," SAP Chief Trust Officer Elena Kvochko said.

"Businesses that are not working to implement this type of authentication in the future might be limited by cost, effort, and end-user skepticism," the cybersecurity expert said. "Passwords have been the first line of defense for a long time, which makes it more difficult to introduce a new type of authentication."

Two of the most prevalent cyberattacks are phishing, which accounts for about a third of breaches, and brute force attacks, which rely on passwords to access a network or application. Password-less authentication removes the burden of users having to create complex, difficult passwords, remembering them, or storing them in a safe place.

The technology could also help deter more serious attacks and prevent insidious outcomes if it's used in conjunction with other security technologies and controls.

"If it is used with multiple factors of authentication, there is a strong possibility that it can deter both ransomware and identity theft," Kvochko said. "Password theft has historically been used in ransomware to gain access into a network. By removing the need for passwords, it will be more challenging for threat actors to access your data and network."

Password-less authentication is nothing new. Biometrics, one-time codes, and magic links have been used for years in different spaces, industries, and platforms.

"The difference now is that password-less authentication will become the standard rather than an advanced option," Kvochko said. "With major tech companies like Apple, Google, and Microsoft championing the effort to make this type of authentication more available in their devices, software, and applications, I believe we'll see it everywhere very soon."

Passkeys will help make our information safer, but it is not a silver bullet, Kvochko warned. Voice recordings or other biometric features used in passkey technology have been replicated in the past, underscoring the critical need for several authentication factors for greater protection.

"Any technology can also become a vector of attack," she said. "There is no authentication system that can't be hacked. Password-less authentication is still vulnerable to malware, man-in-the-browser, and other types of attacks. With that said, password-less authentication can be a better option than relying on simple passwords, especially when combining it with other authentication factors making it multi-factor authentication."

Contact:
Ilaina Jonas, Senior Director of Global Media Relations, SAP
+1 (646) 923-2834, ilaina.jonas@sap.com
SAP Press Room

Disclaimer

SAP SE published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 15:05:04 UTC.


© Publicnow 2022
All news about SAP SE
08/04SAP SE : Berenberg remains its Buy rating
MD
08/01SAP Starts EUR500 Million Buyback Program
DJ
08/01SAP SE : Release of a capital market information
EQ
07/29SAP SE : Baader Bank gives a Buy rating
MD
07/28EARTH OVERSHOOT DAY 2022 : Can We Live in Balance with the Earth?
PU
07/28Birlasoft Adopts RISE With SAP to Migrate their Digital Core to Cloud
CI
07/27Lancaster Colony 'Nearing Completion' of ERP System's First Implementation Phase
MT
07/26SAP : Announces Q2 2022 Results - Form 6-K
PU
07/26SAP SE : Gets a Buy rating from UBS
MD
07/22European ADRs Edge Higher in Friday Trading
MT
More news
Analyst Recommendations on SAP SE
More recommendations
Financials
Sales 2022 30 352 M 30 827 M 30 827 M
Net income 2022 3 056 M 3 104 M 3 104 M
Net Debt 2022 5 111 M 5 191 M 5 191 M
P/E ratio 2022 35,9x
Yield 2022 2,11%
Capitalization 109 B 111 B 111 B
EV / Sales 2022 3,76x
EV / Sales 2023 3,43x
Nbr of Employees 110 409
Free-Float 84,3%
Chart SAP SE
Duration : Period :
SAP SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAP SE
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 92,23 €
Average target price 111,46 €
Spread / Average Target 20,9%
EPS Revisions
Managers and Directors
Christian Klein Chief Executive Officer
Luka Mucic Chief Financial Officer
Hasso Plattner Chairman-Supervisory Board
Juergen Mueller Chief Technology Officer
Sabine Bendiek Chief Operating & People Officer
Sector and Competitors
1st jan.Capi. (M$)
SAP SE-26.16%109 647
ORACLE CORPORATION-11.31%206 132
SERVICENOW INC.-23.76%99 769
CONSTELLATION SOFTWARE INC.-8.37%35 203
PAYCOM SOFTWARE, INC.-10.88%21 411
HUBSPOT, INC.-43.41%17 911