Can't live with them, can't live without! Passwords have been the gatekeepers to your money, love, passions and much more. Though they've been around for decades, remembering unique passwords across different sites has been an ongoing challenge for most of us. However, with cybersecurity crimes on the rise, the need for an alternate more secure means of access has been a dying need!
The W3C (World Wide Web Consortium) has just approved the WebAuthn API, a new standard for authentication that is likely to gradually replace passwords to be the only means of authentication across multiple websites and services.
The new API is already supported by major web browsers - Google Chrome, Firefox, Microsoft Edge, and Apple Safari. Now that W3C has approved the API as an official web standard, it is likely that more websites will start adapting WebAuthn for authentication. Any website that supports the API can use WebAuthentication to communicate with any specified security device to allow users to log into any given service, ranging from a normal FIDO security key to a sophisticated biometric device such as a fingerprint scanner.
These would deliver two primary benefits - ease of access and enhanced security for all.
This of course would require sensitive service providers including banking and financial institutions to review their access architecture and more importantly adopt mechanisms to quickly enhance access security for all.
I would imagine that corporate users could be the first to adopt these methods, when available.
And, yes. RIP Passwords :)