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

Payments Journal: Why the Future of Financial Fraud Prevention Is Passwordless

Fraud is evolving faster than ever, with AI-powered scams, deepfake-enabled identity theft, and a surge…

Read More →

Payments Dive: Charting 2026 payments trends

For our 2026 outlook, we picked six trends to better acquaint you with what to…

Read More →

CNBC: Data breaches climbed to a record high in 2025. How to protect your personal information

It’s the letter most consumers dread receiving — the notification that your personal information has…

Read More →


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.