Password-based authentication is no longer an effective way to meet the demands of modern information security. That's a major finding of a recent survey from the Las Vegas-based LaunchKey, a provider of mobile authentication platforms.

An overwhelming 84% of survey respondents said they would support eliminating passwords all together. Additionally, more than three-quarters of those surveyed (76%) said they feel their data would be better secured through an alternative form of authentication, with 59% preferring fingerprint scans over passwords.

Nearly half of the survey's respondents (46%) said they currently have more than 10 passwords to manage, and 68% acknowledged that they reuse passwords for multiple accounts. Additionally, 77% said they often forget passwords or have to write them down. Among respondents' top password "pet peeves" are systems that require users to change their passwords frequently and create passwords that do not fit the model of one they regularly use.