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VisitWill passkey adoption surpass traditional passwords by June 2025?
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Reports from major tech companies and cybersecurity firms
FIDO Alliance Unveils Credential Exchange Protocol for Passkeys on October 14, 2024, Enhancing Portability Across Google, Apple, Microsoft, and Samsung
Oct 14, 2024, 11:01 PM
The FIDO Alliance has announced new specifications aimed at enhancing the portability and usability of passkeys, a secure authentication method designed to replace traditional passwords. These initiatives, revealed on October 14, 2024, include the Credential Exchange Protocol, which will allow users to import and export passkeys across different platforms and password managers. Major tech companies, including Google, Apple, Microsoft, and Samsung, are collaborating on these developments to create a universal format for passkeys. Currently, passkeys are limited to individual company ecosystems, often requiring users to create duplicate keys for the same login. The new specifications are expected to simplify the management of passkeys and improve user experience in digital security.
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