Last year reported internet crimes caused more than $6.9 billion worth of losses, according to a report by the FBI — a trend that seems likely to only go one way over the coming few years.
For many of us the most obvious single point of cyber security failure is our logins. Anyone with even a modest internet presence likely has tens, if not hundreds, of online logins — and each one needs a password — which a majority of people recycle across multiple sites.
The end of passwords?
Passwords aren't famously secure, with weak credentials accounting for a majority of data breaches, and big tech want to do something about that.
Yesterday Apple, Google & Microsoft jointly announced support for a passwordless sign-in standard from the FIDO Alliance and the World Wide Web Consortium. That could mean the ability to sign into a platform using a fingerprint, face scan or one single PIN — regardless of what device or browser you're on.
That could mean the end of passwords as we know them, which would hopefully mean a more secure, and less frustrating, online experience for millions of people.
