At a meeting held in Tokyo on December 5th, the FIDO Alliance explained the current status of the adoption of “Passkey Authentication (FIDO2)” and announced that as a new initiative, it aims to realize a secure and convenient digital wallet that stores digital credentials.
Passkey authentication is a system for accessing an account by verifying identity using a device, biometric information, PIN, etc. Since its introduction by NTT Docomo and PayPal in 2022, it has rapidly gained popularity as a secure method highly resistant to phishing attacks that target traditional authentication information such as IDs and passwords.
According to Executive Director and CEO Andrew Shikiar, the number of accounts using passkeys will reach over 3 billion by 2025, with approximately 15 billion potentially available accounts by 2024. Organizations such as the US National Institute of Standards and Technology (NIST) and the European Cybersecurity Agency (ENISA) have included passkeys in their security policies, and the system is also being increasingly adopted by government agencies, online services, and the private sector, particularly in the financial sector.
