FIDO Alliance introduces Passkey Exchange Standard

16/10/2024 | Infosecurity Magazine

Passkeys are rapidly gaining traction as a more secure alternative to traditional passwords, with major tech companies such as Apple, Google, and Microsoft actively promoting their use. According to the Fast Identity Online (FIDO) Alliance, over 12 billion online accounts can now be accessed using passkeys. However, the current lack of a standardised approach for importing and exporting passkeys between devices is challenging. To address this, the FIDO Alliance has proposed a new set of specifications to facilitate secure credential exchange, which could enable users to transfer passkeys and other credentials between different providers.

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