A recent study has shown that more than one in three people have had at least one of their online accounts broken into during the past year. The main reason? Poor or stolen passwords.
The report comes from the FIDO Alliance, a group that focuses on improving online safety. Their findings reveal that passwords are still a major weak spot in keeping digital accounts secure.
People Struggle with Passwords
The research found that 36% of people had their accounts hacked because their passwords were either easy to crack or already leaked online. Many users still rely on passwords that are short, simple, or reused across different accounts. These habits make it easier for cybercriminals to gain access.
Forgetting passwords is another common issue. Nearly half of the participants said they gave up making a purchase online because they couldn’t remember their password.
What Are Passkeys and Why Are They Safer?
To fix the problem with passwords, many websites and apps are now supporting a new method called passkeys. These don’t require typing anything in. Instead, you can log in using your fingerprint, face scan, or a PIN stored on your device.
This system is safer because the login details never leave your phone or computer, and they don’t work on fake websites. This means scammers can’t trick people into handing over their login details like they do with traditional passwords.
According to the study, most people are now aware of this new method. Around 69% have already used passkeys on at least one of their accounts, and over a third said they’ve switched entirely to using them wherever possible.
Big Tech Companies Back Passkeys
On May 2, Microsoft said it is now letting all of its users log in with passkeys instead of passwords. The company admitted that passwords simply aren’t strong enough to protect people’s accounts, even if they’re long or frequently updated.
Microsoft users can now sign in using face ID, fingerprint, or PIN on devices from Windows, Apple, or Google.
Moving Away from Passwords Altogether
To raise awareness, FIDO has renamed its annual event “World Passkey Day.” The goal is to encourage companies and users to stop relying on passwords and start using safer login tools.
As part of the event, FIDO launched a pledge for businesses that want to commit to using passkeys. More than 100 organizations have already joined in.
FIDO’s leader, Andrew Shikiar, said the shift to better login methods is necessary. He explained that years of account hacks and data leaks have shown that traditional passwords no longer offer the protection we need in a digital world.
The study surveyed 1,389 adults from the US, UK, Japan, South Korea, and China.
Online security has grown to be of utmost importance in a digital environment that is always changing. Passkeys, a cutting-edge authentication system that is poised to transform how we protect our accounts, are being pushed for by Google and Apple, who are leading the effort.
Passkeys, also known as cryptographic keys, are a form of authentication that rely on public-key cryptography. Unlike traditional passwords, which can be vulnerable to hacking and phishing attacks, passkeys offer a more robust and secure method of verifying user identity. By generating a unique pair of keys – one public and one private – passkeys establish a highly secure connection between the user and the platform.
One of the key advantages of passkeys is that they eliminate the need for users to remember complex passwords or go through the hassle of resetting them. Instead, users can rely on their devices to generate and manage these cryptographic keys. This not only simplifies the login process but also reduces the risk of human error, a common factor in security breaches.
Google and Apple have been at the forefront of this innovation, integrating passkey technology into their platforms. Apple, for instance, has introduced the Passkeys API in iOS, making it easier for developers to implement this secure authentication method in their apps. This move signifies a significant shift towards a more secure and user-friendly digital landscape.
Moreover, passkeys can play a pivotal role in thwarting phishing attacks, which remain a prevalent threat in the online realm. Since passkeys are tied to specific devices, even if a user inadvertently falls victim to a phishing scam, the attacker would be unable to gain access without the physical device.
While passkeys offer a promising solution to enhance online security, it's important to acknowledge potential challenges. For instance, the technology may face initial resistance due to a learning curve associated with its implementation. Additionally, ensuring compatibility across various platforms and devices will be crucial to its widespread adoption.
Passkeys are a major advancement in digital authentication. Google and Apple are leading a push toward a more secure and frictionless internet experience by utilizing the power of public-key cryptography. Users might anticipate a time in the future when the laborious practice of managing passwords is a thing of the past as this technology continues to advance. Adopting passkeys is a step toward improved security as well as a step toward a more user-focused digital environment.