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Is Passwordless Authentication the Future?

– Security Magazine

  • News
  • Posted by Good ID team (Good ID)
  • 4 June 2020

Are passwords a thing of the past? Security Magazine investigates

According to the World Economic Forum (WEF), 80% of cybercrime attacks are password-related. In this article, Security Magazine explores what the future holds for password authentication, and asks whether passwords could soon become a thing of the past.

“Passwords are critical gatekeepers to our digital identities, allowing us to access online shopping, dating, banking, social media, private work, and life communications.”

The article goes on to quote security experts from across the identity community, some of whom believe that passwords continue to be necessary and others who claim that stronger authentication systems are needed to prevent cyberattacks.

Before we can eradicate passwords...we must ask ourselves “is the world ready for a passwordless universe?”

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