Password VS Passkey

Whenever you visit a site, the first thing that comes to mind is, how secure is it? Especially a banking website, where your sensitive information is stored. Times have changed, and technology has evolved for the Better Than a Password.

Passwords may soon be a thing of the past, as Passkey is the new buzzword in technology. Brands like Google and Amazon have adopted the technology and see it as a positive change related to security.?

Google takes online security seriously, and the company announced an official switch to passkeys recently. Also, Google announced several noteworthy benefits of using the passkey such as immunity from phishing attempts, easy log-in, and support for biometric authentication.?

The company noticed users are enjoying faster log-in attempts with passkeys. Data published by Google clocked an average log-in time of 30.4 with passwords and 14.9 with passkeys, which makes it clear that passkeys take less time to log in apart from being secure.?

Besides, who would not want their information to be secure on a website? Security concerns have caused inconvenience over the years and affected the company’s goodwill. Using passkeys as an alternative to passwords can reduce security vulnerabilities associated with data breaches.

Recent research shows that 70% of people get stressed because they don’t remember passwords. With passkeys, there is no stress about remembering the password, as you can access the site with a fingerprint, PIN, or face scan.?

A passkey is a transformational step towards better digital security. Let’s dive deeper into the topic to understand what is a passkey and whether it’s better than a password.?

What is Passkey??

Passkeys are the best alternatives to passwords, as it is no hassle to remember the user credentials. With passkeys, you can sign in to a site or an app using a unique biometric sensor, such as a face scan or fingerprint.?

Plus, you can use a PIN or pattern similar to a phone lock system. Ideally, you can select an account to sign in, and a password is not required. Authentication is based on the device’s screen lock, leading to total security.?

After creating a passkey, the user can switch to a new device and use it without registering it again. The best part is that it doesn’t rely on traditional biometric authorization. Meaning, you don’t have to reset it on each device to log in, which saves time. With passkeys, you can achieve multifactor authentication in a single step.?

So, you can replace both the OTP and password for enhanced protection against phishing attacks. With standardized features, a single implementation can enable a passwordless experience across all devices and different operating systems.

How do Passkeys work??

Passkeys use an asymmetric encryption system that helps verify a user’s identity. The service provider generates a public key and shares it with the user.?

However, the private key is stored on the user’s device. When there is a need for authentication, the server provider uses the public key to encrypt the request, while the user decrypts it using the private key.?

The best part is that passkeys are not vulnerable to common phishing attacks and password reuse, making them secure. Essentially, there is no weak passkey, as everything is secure.?

If cybercriminals breach your public key, it will be useless for them without the private key information. Besides a seamless authentication experience, passkeys provide efficient usability.?

With passkeys, users don’t have to remember complex passwords. Also, passkeys don’t rely on servers as passwords do, which reduces the burden on servers for data storage. Hence, they are less vulnerable to large-scale threats and data breaches.

Types of Passkeys

Passkeys are available in two primary versions but can differ in functional purposes.?

• Device-bound Passkey?

Device-bound passkey is also known as an enterprise passkey and has strong functional features. Plus, it operates in a tech stack covering the entire range of enterprises.?

Device-bound passkeys are safe compared to other versions available, and companies trust the passkey for their sensitive data protection. ?

• Multi-device Passkey?

These passkeys are meant for individual use, not enterprise use. Plus, they are limited in security features and functionality, unlike device-bound

You cannot use the passkey for desktop logins, and they do not meet standard regulatory requirements for independent possession. Also, they lack other critical enterprise features for safety. You can use a multi-device passkey for mobile phones or laptops.

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