Young or old, it is always tricky trying to remember your password and username for every account. You either take to pen and paper and record all your passwords and usernames or you end up using the same username and password across the board. And this opens us up to all kinds of security risks, from hacking accounts on social media to stealing bank details. The good news is this may all change very soon.
Fast Identity Online (FIDO) seems to have the key to the future, to not have them at all. Nok Nok released a recent study detailing that Internet users have 6,5 passwords and share one password across 3,6 websites. And consulting firm Deloitte reported that 90% of user-generated passwords run the risk of being hacked.
Chief Information Security Officer at PayPal and President of FIDO Michael Barrett said FIDO is attempting to stay ahead of the danger and trying to come up with another system that can replace the current one.
But what exactly is the solution? Barrett referred to technology which is available on your smartphone and computers that is able to recognise the user through their “unique physical qualities.” Barrett went on to predict that within a year smartphones will be equipped with finger scanners as a method to identify the user.
The evolution of passwords will not happen overnight but over a period of years according to Barrett despite the fact that the technology is currently available to do so. Barrett:
Consumers want something that’s easy to use and secure. Passwords are neither.
[Source: TIME]
