Passwords are currently the biggest security threat to businesses and organizations, and password-based access systems are regularly the preferred target of cyberattacks. Also, strong and therefore secure passwords are difficult to remember and can be cumbersome to manage.
To counteract this and to increase security and improve the customer experience, many companies are switching from password-based to passwordless authentication.
This refers to an authentication method that allows users to log into systems or online accounts without having to enter a knowledge-based secret such as a password.
Possible passwordless solutions include:
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Biometric methods: Identity verification is based on the principle of “something the user is.” This can be a fingerprint, facial recognition, or another biometric feature. Many people already unlock their cell phones using this method.
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Magic Link: After entering an e-mail address or phone number, the user receives an e-mail or text message with an embedded link that grants them access to the application. Alternatively, a one-time password (OTP) is sent to the user, which they must then enter on the website.
Neither of these alternatives is 100% secure. Biometric markers can be forged and magic links can be intercepted. Nevertheless, the risk of being hacked is significantly lower than with the password-based method.