Are passwords a waste of time

When we discuss whether security measures are worthwhile or not, we need to consider the point of view from which we examine the issue.

Often it's the user's point of view, so the focus is on all the time they spend entering long passwords or navigating security controls, which results in millions of hours of lost productivity. I buy that

Source:
http://www.computerworld.com/s/article/9176258/Are_passwords_a_waste_of_time_?source=rss_news