In this discussion, G. Mark Hardy and Nishant Kaushik explore the necessity of moving beyond traditional passwords, which they define as the original sin of cybersecurity due to their vulnerability to credential stuffing and phishing attacks. Kaushik explains that the FIDO Alliance promotes a passwordless future by replacing shared secrets with asymmetric cryptography, utilizing private keys stored on smartphones or hardware tokens like YubiKeys to ensure phishing-resistant authentication. The conversation highlights that identity is the new perimeter, shifting the focus from human-memorized codes to biometric verification and device-bound passkeys that verify user presence. Ultimately, the experts warn that a secure transition must include robust account recovery flows, as failing to secure the “back door” renders even the most advanced cryptographic-based authentication vulnerable to exploitation.


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Biometric Update: Yubico hackathon to preview YubiKey 5.8 support for next-generation passkeys

Yubico will host a virtual developer hackathon for the FIDO Alliance developer community on August 5…

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PYMNTS: Mastercard Wants to Teach AI Agents How to Spend

For nearly 60 years, Mastercard has answered one question over and over. How do you get two…

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Biometric Update: EMVCo proposes global schema for verifiable digital payment credentials

EMVCo has put a draft framework out for consultation that aims to bring verifiable digital credentials…

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