Password-free online authentication a step closer
The draft technical specifications for a new authentication protocol, which could eliminate the use of passwords in the future, have been released.
The Online Security Transaction Protocol (OSTP) was developed by the Fast IDentity Online (FIDO) Alliance, an open industry consortium delivering standards for simpler, stronger authentication.
According to Forrester Research, the online services industry is seeing more than $200bn in annual losses from password breaches, while the Verizon 2013 Network Investigations Data Breach Report states that 76% of network intrusions exploit weak or stolen credentials.
MORE FIDO in the News
The Inquirer: GitHub adds WebAuthn support for biometric and security key logins
GitHub now allows for login with WebAuthn, supporting security keys...August 23, 2019
SecurityWeek: Ready or Not, Here Comes FIDO: How to Prepare for Success
As we move into a passwordless world, now is the...August 21, 2019
PYMNTS: Google Moves Beyond The Password With Biometrics
PYMNTS spoke with Executive Director Andrew Shikiar on Google leveraging...August 15, 2019