"Password authentication is badly broken, we need a new model and it needs to be standards based," says Michael Barrett, the president of the FIDO Alliance. "That's essentially what the FIDO specs allow."

Support for ID Standards May Hasten Password's Demise

If standards from the FIDO Alliance are commonly adopted, many banks may drop their reliance on usernames and passwords when identifying users in favor of such alternatives as fingerprint scans and voice and face recognition.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.