Passwords and Password Security, Our love-hate relationship with staying secure in the digital world
Passwords are a significant inconvenience, and we all know how frustrating it is to update them, only to be told that the new password is still incorrect. While password managers are designed to simplify our lives, they often require additional steps and maintenance when changing passwords. Moreover, we are bombarded with requests to use multi-factor authentication to add extra layers of security. However, bad actors hack into accounts and steal our information despite our best efforts. But don't worry, there is a solution. Passkeys is a new, innovative security measure quickly gaining traction among companies like Google, Apple, Best Buy, and eBay.
Passkeys differ from passwords because they don't require usernames or passwords to access websites. Instead, they have a public key associated with the website you are trying to access and a private key that only your device has. This unique feature makes Passkeys immune to website spoofing, a common tactic used by bad actors to steal your information. By using biometrics for more robust security, Passkeys are also more convenient than traditional passwords.
With data breaches on the rise and more than 24 billion login credentials exposed in 2022, it's more important than ever to take action to protect yourself online. While some websites are already using Passkeys, it's essential to implement multi-factor authentication whenever possible and to use password managers and biometric authentication for added security in today's digital world. We will see more companies move away from passwords and move towards using Passkeys in 2024.