It is hard to imagine a world without passwords. They remain the most-used authentication method for consumers according to the Fast IDentity Online (FIDO) Alliance’s annual Online Authentication Barometer, despite the fact that passwords almost universally fail at keeping accounts secure and preserving a smooth user experience. The death of the password will be a huge relief for users, removing the need to remember or type passwords and enabling better user experiences. For organisations, the upsides are just as powerful, with a passwordless future offering better improved security, reduced risk of data breaches and lower support costs. As we enter the new year, 2023 seems set to be the year when passwords finally become an endangered species.


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Mastercard Cybersecurity Blog: Reimagining online authentication to outfox AI-powered cyber scammers

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