There are more than 7.5 billion passwords that are hacked and purchasable on the Dark Web, according to haveibeenpwned.com. The cost of such data breaches at organisations is huge. The Ponemon institute's study found that the average cost of a data breach is $5.9 million with average cost per compromised record more than $216. If the data breach included credit card information, then the average cost is even higher at $7.1 million, with $256 per record. Traditional hash based password protection solutions do not fully mitigate offline password cracking, as passwords specially not strong ones can still be cracked. With dedicated hardware, offline password cracking is even more efficient. Authentico's hardware based CIPHRA solution eliminates this problem by making passwords uncrackable by any offline password cracking means, regardless of the passwords' strength and the resources available to the hacker. CIPHRA is a secure, scalable, and plug-and-play hardware based crypto processor.
