Nok Nok, one of the founding partners in the FIDO Alliance, or “Fast IDentity Online,” is now announcing full support for passkeys to offer digital service providers an alternative to traditional password verification with safer, faster, passwordless authentication combined with passkeys.
Over 80% of successful digital intrusions result from password credential theft, either through sophisticated phishing techniques to steal passwords or personal secrets or user negligence in failing to use strong, secure passwords that are difficult to remember. With digital cyber crime accelerating, single password verification systems are becoming increasingly vulnerable as all it takes is one stolen password to assume significant or complete control of a customer’s system.
Passkeys As A Solution
Passkeys are a phishing-resistant replacement for passwords that provide faster, easier, and more secure sign-ins to websites and apps across a user’s devices. Unlike passwords, passkeys are resistant to phishing, are always strong, and are designed so that there are no shared secrets. Different user authenticators can be used, such as various biometric factors like face or fingerprint identification, but this is also combined with additional authentication procedures, such as verifying encrypted keys on a personal device, such as a phone, for additional security.
For clients who already support FIDO, the technology behind passkeys, the Nok Nok S3 authentication platform now fully. supports single-device and multi-device passkeys and requires no code changes. For clients who do no already support FIDO, the Nok Nok S3 suite provides passkey support for both single-device and multi-device passkeys on one authentication infrastructure. Integrating passkeys not only makes user registration and sign-in more secure but also makes them faster and less prone to error and frustration.
Improving User Experiences
Because of the ease of passwordless authentication based on passkeys, businesses have found that passkey sign-in dramatically reduces user friction during sign-in while also reducing credential theft from phishing attacks since there are no shared secrets with passkeys. Passkeys are the next-level multi-factor authentication designed to replace passwords. Even though a typical “strong password” is possible with a long string of random alphanumeric characters, these passwords are harder to remember and they still require a second authentication factor such as SMS or email of passcodes. Passkeys do away with passwords and the need for a second code for authentication (two factor authentication). because the technology behind passkeys provides multi-factor authentication in one simple, user step.
Passwordless authentication with passkeys offer a 99.5% sign-in success rate and typically speeds up the sign-in process for users by anywhere from 100-200%. This means fewer sign-in failures, less frustration, and perhaps most importantly, people not abandoning a service because they find the traditional multifactor authentication process too restrictive, demanding, and inconvenient. Thus, they switch to another service that treats them better.
These initiatives by the FIDO alliance continue to provide more security to businesses and their data, with more convenience and speed for customers. Do you need to learn more about FIDO protocol and moving to a passwordless authentication system, read here to learn more.