There appears to be growing momentum behind the use of passkeys as an alternative identity verification tool to passwords, with the familiarity with the technology growing over the past two years while the use of passwords as declined a bit, according to the Fast IDentity Online (FIDO) Alliance.
In its latest Online Authentication Barometer, FIDO found that support for a number of authentication options – including not just passkeys but also biometrics – is growing.
Public awareness of passkeys has jumped from 39% in 2022, when the technology was first introduced, to 57% this year. Meanwhile, the use of passwords in various services sectors is dropping. For example, the percentage of people who used a password over a two-month period for financial services dropped from 51% two years ago to 31% this year.
