aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
  • Data
  • Tech

Passwords Should Become A Thing Of The Past. Here’s Why

  • root
  • January 16, 2020
  • 3 minute read

When the man who invented passwords says it’s time to move on, it probably is. Four years ago, Fernando Corbato, who invented the first computer password in the 1960s, said that passwords had become “a nightmare”. Considering that his creation was not intended for the web, how data breaches have shaped the digital era, and the rise of privacy-awareness, it’s clear that things need to change.

Passwords were once one of our most trusted security measures, but over the past decade, the average person’s digital footprint has been exposed to increasing numbers of third parties. Now the average consumer manages over 191 pairs of usernames and passwords. It is almost guaranteed that people reuse the same passwords or tactics to authenticate across various services.


Partner with aster.cloud
for your next big idea.
Let us know here.



From our partners:

CITI.IO :: Business. Institutions. Society. Global Political Economy.
CYBERPOGO.COM :: For the Arts, Sciences, and Technology.
DADAHACKS.COM :: Parenting For The Rest Of Us.
ZEDISTA.COM :: Entertainment. Sports. Culture. Escape.
TAKUMAKU.COM :: For The Hearth And Home.
ASTER.CLOUD :: From The Cloud And Beyond.
LIWAIWAI.COM :: Intelligence, Inside and Outside.
GLOBALCLOUDPLATFORMS.COM :: For The World's Computing Needs.
FIREGULAMAN.COM :: For The Fire In The Belly Of The Coder.
ASTERCASTER.COM :: Supra Astra. Beyond The Stars.
BARTDAY.COM :: Prosperity For Everyone.

What’s wrong with passwords?

Most of the recent data breaches stem from stolen passwords. As digital platforms pile up gigabytes of data, including personal information and the credentials we use to get access to their digital services, the cost of attacks for hackers has decreased significantly. You can now buy login credentials to someone’s bank or Uber account on the dark web for as little as $7. Knowledge-based authentication, whether with PINs, passwords, passphrases, or whatever we need to remember, are not only a major headache for users – they cost a lot of money to maintain. Without even looking at the costs of a cyberattack, the mere costs of password management, of time lost by employees typing passwords and chasing the IT department when they fail, can climb up to $70 per incident. And with up to 50% of all help-desk calls being password resets, the costs can mount up quickly.

Read More  Safety And Security In Cloud Storage
How to make life even easier for cybercriminals

Passwords aren’t just difficult to manage, they are inconvenient, insecure and expensive. Gartner predicts that by 2022, 60% of large businesses and all medium-sized companies will have cut their dependence on passwords by half. How?

Privacy-enhancing authentication technologies

Several trends have begun to enable the market to go passwordless and users to finally have control of their data. The first major government push has come with GDPR in Europe and the California Privacy Rights and Enforcement Act.

Consumers have become accustomed to having ‘free’ services, which are ultimately paid for from the sale of their data and without their explicit consent or knowledge – but users are starting to resist. Examples include the class action lawsuit filed against Facebook in Illinois and the Swedish data protection authority issuing its first fine under GDPR to a school for its improper use of facial recognition technology.

To meet the requirements established by these new laws, products and services must be designed with privacy at their core and provide complete transparency to their users. If services are built in this manner, we will be able to build biometrics in a trusted manner, which leaves only the question of whether companies can verify the information being submitted by their applicants. One way to solve this is with a scan of a person’s government-issued ID and a facial similarity check in combination with verified attributes.

A multistakeholder challenge that requires a multistakeholder approach

Both governments and private industry have a critical role to play in providing access to verified attributes. In 2018, the Better Identity Coalition released a report that calls for trusted government sources to open up access to the attributes they hold. Many governments have looked to help solve the problem of how to verify who someone says they are in a remote setting, with initiatives such as eIDAS in the EU, the Pan-Canadian Trust Framework, and Australia’s Trusted Digital Identity Framework.

Read More  Cybercrime Insurance Is Making The Ransomware Problem Worse

For the world to become passwordless, we need to put users in control of their own data. This will allow the work of bodies such as the World Wide Web Consortium, which develops global standards for the web, and the Fido Alliance – an industry association dedicated to replacing passwords as our means of digital authentication – to rely on our devices and real-time attributes, so that users can verify themselves remotely and more securely.

The passwordless future is close. We will continue to see progress in 2020, but we need to act now to close the gap between trusting real-time verifications and ending our dependency on passwords. This can be done by providing a more trusted, secure, and convenient user experience, one which helps people protect how their data is being used while at the same time providing companies with access to a decentralized network to trust digital identities at scale. It will allow digital platforms to more easily onboard users between different digital services in real time, providing a trusted level of interoperability for an unparalleled user experience. Managing 191 digital accounts will become a breeze, and people will win back control of their identity.

 

Adrien Ogée, Project Lead, Cyber Resilience, World Economic Forum

Parker Crockford, Director of Policy & Strategic Accounts, Onfido

This article originally appeared in the World Economic Forum.


For enquiries, product placements, sponsorships, and collaborations, connect with us at [email protected]. We'd love to hear from you!

Our humans need coffee too! Your support is highly appreciated, thank you!

root

Related Topics
  • Authentication
  • Cybercrime
  • Cybersecurity
  • Digital Identity
  • Password
You May Also Like
Getting things done makes her feel amazing
View Post
  • Computing
  • Data
  • Featured
  • Learning
  • Tech
  • Technology

Nurturing Minds in the Digital Revolution

  • April 25, 2025
View Post
  • Tech

Deep dive into AI with Google Cloud’s global generative AI roadshow

  • February 18, 2025
View Post
  • Data
  • Engineering

Hiding in Plain Site: Attackers Sneaking Malware into Images on Websites

  • January 16, 2025
Volvo Group: Confidently ahead at CES
View Post
  • Tech

Volvo Group: Confidently ahead at CES

  • January 8, 2025
zedreviews-ces-2025-social-meta
View Post
  • Featured
  • Gears
  • Tech
  • Technology

What Not to Miss at CES 2025

  • January 6, 2025
View Post
  • Tech

IBM and Pasqal Plan to Expand Quantum-Centric Supercomputing Initiative

  • November 21, 2024
Black Friday Gifts
View Post
  • Tech

Black Friday. How to Choose the Best Gifts for Yourself and Others, Plus Our Top Recommendations.

  • November 16, 2024
IBM and Ferrari Premium Partner
View Post
  • Data
  • Engineering

IBM Selected as Official Fan Engagement and Data Analytics Partner for Scuderia Ferrari HP

  • November 7, 2024

Stay Connected!
LATEST
  • college-of-cardinals-2025 1
    The Definitive Who’s Who of the 2025 Papal Conclave
    • May 7, 2025
  • conclave-poster-black-smoke 2
    The World Is Revalidating Itself
    • May 6, 2025
  • 3
    Conclave: How A New Pope Is Chosen
    • April 25, 2025
  • Getting things done makes her feel amazing 4
    Nurturing Minds in the Digital Revolution
    • April 25, 2025
  • 5
    AI is automating our jobs – but values need to change if we are to be liberated by it
    • April 17, 2025
  • 6
    Canonical Releases Ubuntu 25.04 Plucky Puffin
    • April 17, 2025
  • 7
    United States Army Enterprise Cloud Management Agency Expands its Oracle Defense Cloud Services
    • April 15, 2025
  • 8
    Tokyo Electron and IBM Renew Collaboration for Advanced Semiconductor Technology
    • April 2, 2025
  • 9
    IBM Accelerates Momentum in the as a Service Space with Growing Portfolio of Tools Simplifying Infrastructure Management
    • March 27, 2025
  • 10
    Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them
    • March 25, 2025
about
Hello World!

We are aster.cloud. We’re created by programmers for programmers.

Our site aims to provide guides, programming tips, reviews, and interesting materials for tech people and those who want to learn in general.

We would like to hear from you.

If you have any feedback, enquiries, or sponsorship request, kindly reach out to us at:

[email protected]
Most Popular
  • 1
    IBM contributes key open-source projects to Linux Foundation to advance AI community participation
    • March 22, 2025
  • 2
    Co-op mode: New partners driving the future of gaming with AI
    • March 22, 2025
  • 3
    Mitsubishi Motors Canada Launches AI-Powered “Intelligent Companion” to Transform the 2025 Outlander Buying Experience
    • March 10, 2025
  • PiPiPi 4
    The Unexpected Pi-Fect Deals This March 14
    • March 13, 2025
  • Nintendo Switch Deals on Amazon 5
    10 Physical Nintendo Switch Game Deals on MAR10 Day!
    • March 9, 2025
  • /
  • Technology
  • Tools
  • About
  • Contact Us

Input your search keywords and press Enter.