Are Passkeys a Safer Way to Secure Accounts Than Passwords?

Are Passkeys a Safer Way to Secure Accounts Than Passwords?

Passwords are essential to online security as it protects the data or personal information stored online. However, using passwords has its limit. Many people repeat the same, easily guessable passwords for various accounts or websites and give hackers access to hack these accounts.

As data breaches and identity theft continue to increase daily, password security has become irrelevant. According to Bank of North Data, 81% of businesses experience data breaches because of poor passwords. However, you can go passwordless using passkeys. Passkeys enable you to validate your identity straight from your smartphone via a biometrics validation system (facial recognition or fingerprint) or PIN rather than a traditional login and password.

In this article, we will go in-depth about how passkey works and why passkeys are more secure than passwords. But first, let’s highlight the difference between passwords and passkeys.

The Difference between Passwords and Passkeys

Passwords are security systems that allow internet users to keep personal information or sensitive data. However, a complex password needs to be created for maximum account protection.

While a strong password may offer enough security, password use is restricted since hackers use different means to steal or guess the password to obtain access to the user account.

Nevertheless, with the development of passkeys, you no longer need to be concerned about a password that can be readily guessed or cracked. That is because passkeys cannot be stolen or guessed; they never need to be changed. 

How Passkeys Work

Passkeys validate your identity using encrypted means. Every passkey is a strong and unique encryption key generated using an automated system. When you create an account using passkeys, two keys are generated: a public key and a private key. The public and private keys are technically connected and necessary to access the account.

The public key is a key that is shared publicly. It is not a secret key but is sent to the web server for storage. On the other hand, a private key is kept confidential and safe. It is stored on your device, not the server.

The user’s identity is validated on the device when the server sends random data or PINs to the authenticator. The private key authenticates the user to the account and then sends the response back to sign in that data with the private key. 

Why Passkeys Might Be More Secure Than Passwords 

Below are reasons passkeys might be more secure than passwords:

It’s phishing-resistant

Phishing is a typical strategy used by hackers to get sensitive information. These attacks are often carried out by impersonating a website or email to steal login credentials. However, hackers can quickly breach your account if your password is not strong and unique.

But, with passkeys, an attacker cannot trick you into entering a passkey on a fraudulent website. Your device will only display a passkey as a pop-up menu option when you are on the domain linked with the passkey. Passkeys provide comprehensive protection against phishing attacks.

Prevents reuse of a stolen key on other accounts

Passkeys authenticate a user’s identity by using public and private keys. Gaining access to the key, on the other hand, is far more complicated. That is because hackers must have access to both the public key on the application and the private key on the user’s device to gain access to their account. Although public keys can be shared, they are worthless to hackers. 

It enhances the user experience 

Passkeys are simple to use, which improves the user experience. Users can validate the account using fingerprint, PIN, Face ID, or biometrics. That is much simpler instead of trying to remember a complex password. Passkeys are passwordless, allowing you to log in without typing your password or username.

Eliminates 2FA hijacking

Two-factor authentication is helpful but is insufficient to block hackers from obtaining your credentials. Although it can prevent hackers from gaining access, hackers can breach your company server elsewhere.

Since passkeys lack a second factor, they are not disposed to phishing attacks, SMS hijacking, interception, or other tactics for obtaining a second factor.

It prevents brute force attack

A brute-force attack includes attempting every possible key combination until the correct password is discovered. On the other hand, an attacker cannot effectively guess or brute force your access to a site since passkeys are unique.

It is passwordless

That is the main reason why passkeys are far safer than passwords. Trying to remember several login information might be complex. Passkeys eliminate the need to keep or manage numerous passwords. You may access your account without a password using a face ID, fingerprint, or PIN. That gives the user trust, ease, and security.

Secure your Data with GKM2 Solutions Today!

Regardless of your method of securing your data via password (complex) or passkeys, it might be tiresome to monitor that when you have other business issues to focus on. That is where GKM2 comes in. We can help you secure your account from data breaches and provide many complimentary IT services for your company.

Contact us today!