Subj : Moving passkeys between password managers is about to get a lot e
To   : All
From : TechnologyDaily
Date : Wed Oct 16 2024 11:45:05

Moving passkeys between password managers is about to get a lot easier

Date:
Wed, 16 Oct 2024 10:35:46 +0000

Description:
Password managers have come together to make switching providers even easier.

FULL STORY
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Some of the best password managers have teamed up with the FIDO Alliance to 
set new standards for secure passkey storage, even when switching between 
providers. 

The new draft set of specifications were published by the Alliances 
Credential Provider Special Interest Group, which included major names in the 
password and identity management game, including 1Password , Apple, Bitwarden 
, Dashlane , Enpass , Google, Microsoft, NordPass , Okta , Samsung and SK 
Telecom. 

Passkeys are a more secure and phishing resistant alternative to passwords, 
and are widely expected to replace passwords altogether in the near future. 
Enhancing security, choice, and competition 

Passkeys remove the need to type in a password, and instead use an 
authenticator app on a dedicated device, such as your phone, to check that 
the person attempting to log in is actually you, usually through some form of 
biometrics. 

According to statistics presented by the FIDO Alliance, passkey adoption has 
been widely successful with 12 billion online accounts currently taking 
advantage of passkeys to log in. Moreover, passkeys significantly reduce the 
risk of phishing and improve log in speeds by 75%. 

The new specifications hope to ensure users have a free choice of providers 
and are free to transfer their passkeys and passwords between their choice of 
service. This is the first standard of its kind to be introduced to the 
credential management industry. The draft specifications can be viewed on the 
FIDO Alliance blog . 

Currently, the specifications are in a community review and feedback phase 
with regular updates to be published publicly for review until the final 
specifications are approved and implemented. More from TechRadar Pro Take a 
look at the best free password managers Bitdefender's new tool should help to 
protect your digital life from scams and fraud These are the best password 
generators



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Link to news story:
https://www.techradar.com/pro/moving-passkeys-between-password-managers-is-abo
ut-to-get-a-lot-easier


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