It’s no secret that static passwords are not getting the job done. Static passwords are often recycled, easy for cybercriminals to crack, and a major cause in the billions of leaked usernames and passwords in recent years. Financial institutions must protect their data, their customers, and their reputations by moving toward a future that has no passwords. This password-less future is now more attainable with Apple, Google, and Microsoft jointly announcing a push toward a password-less authentication standard.

Companies Mentioned:

Apple, FIDO Alliance, Google, Microsoft, World Wide Web Consortium, Yahoo