On the โWorld Password Dayโ, which was on May 5, Google, Microsoft and Apple joined hands to โkillโ the password.
The three technology giants have vowed to create a future where your phone will be the primary source of online authentication. The new standard is being referred to as โmuti-device FIDO credentialโ.
In a rare show of alliance, Apple, Google and Microsoft have joined forces to expand support for passwordless logins across mobile, desktop and browsers.
Passwords are notoriously insecure, with weak and easily guessable credentials accounting for more than 80% of all data breaches, per Verizonโs annual data breach report. While password managers and multifactor technologies offer incremental improvements, Apple, Google and Microsoft are working together to create sign-in technology that is more convenient and more secure.
Through the new system, users will be able to sign in to their accounts โthrough the same action that they take multiple times each day to unlock their devices, such as a simple verification of their fingerprint or face, or a device PIN.โ
The new approach would protect people against phishing and the logins would be more secure compared to passwords and legacy multifactor technologies such as one-time passcodes sent over SMS.
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