Dec 19, 2022
Why our digital future hinges on identity and rebuilding trust
Posted by Shubham Ghosh Roy in categories: government, privacy, security
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The adoption of a password-free future is hyped by some of the biggest tech companies, with Apple, Google, and Microsoft committing to support the FIDO standard this past May. Along with the Digital ID Bill reintroduced to Congress this past July, we’re poised to take a giant leap away from the password to a seemingly more secure digital future. But as we approach a post-password world, we still have a long way to go in ensuring the security of our digital lives.
As companies continue developing solutions to bridge us to a passwordless world, many have prioritized convenience over security. Methods of two-factor authentication (2FA) and multi-factor authentication (MFA) such as SMS or email verification — or even the use of biometrics — have emerged as leading alternatives to the traditional username/password. But here’s the catch: Most of these companies are validating devices alone and aren’t properly leveraging this technology, leaving the door open for bad actors.