Passwords are a form of knowledge-based authentication. For a user to prove they are who they claim to be, they need a secret — the password — that has been previously stored by the service. Multifactor authentication (MFA) is a technique designed to strengthen the authentication process by adding possession-based authentication to knowledge-based authentication. A service can only authenticate a user when they prove they have knowledge of the shared secret in addition to something they have or are. Eliminating shared secrets removes the intrinsic weakness of password-based authentication and MFA. A secure form of possession-based authentication is the best alternative. Passwordless authentication based on FIDO standards is considered the archetype. FIDO passwordless authentication is based on public-key cryptography.


More

GBFR: Beyond OTP: How Banks Can Build a Passkey Control Plane

Passkeys can reduce exposure to phishing and shared-secret theft, but the banking opportunity depends on…

Read More →

Biometric Update: Mexico’s new banking rules signal a new era for biometric identity verification

Opening a bank account today looks very different than it did a decade ago. Behind…

Read More →

SFWeekly: The End of Passwords? Preparing Your Company for Passkeys

Key Takeaways How many passwords did you reset last month? If you’re like most people,…

Read More →


123333 Next

Subscribe to the FIDO newsletter

Stay Connected, Stay Engaged

Receive the latest news, events, research and implementation guidance from the FIDO Alliance. Learn about digital identity and fast, phishing-resistant authentication with passkeys.