Passwords have been the longtime standard for securing online accounts, but they pose security risks. Despite expert advice to create complex, unique passwords for every account, people often use the same password, get tricked into signing into fake websites that log their information, or have their account details leaked in data breaches. Apple’s passkeys want to address those problems and replace passwords entirely. Its passkeys fall under a standard set by the Fast Identity Online Alliance, an industry association that includes over 250 other companies such as Microsoft Corp. and Alphabet Inc.’s Google. Called FIDO for short, the group has worked for nearly a decade to create a unified format for online authentication.


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PYMNTS: Visa Recasts Digital Wallet Landscape at Intersection of Identity and Payments

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