The Password Identity Crisis: Evolving Authentication Methods in 2024

The article by Venture Beat discusses the need for better identity management techniques in the era of cloud and SaaS apps, where usernames and passwords are no longer sufficient for cybersecurity, introducing some of the emerging methods that aim to move towards a passwordless future, such as:

• Multi-factor authentication (MFA): This method requires users to provide more than a username and password, such as a code from their phone, a USB key, or a biometric authenticator.
• Zero trust: This method assumes that every user could pose a threat and requires them to continually verify themselves and only access what they need when they need it.
• Just-in-time (JIT) access: This method grants temporary and time-limited access only when required for specific tasks, and automatically revokes it after use.
• Passkeys: These are digital credentials that use public and private keys to authenticate users without passwords. Users create an account with a passkey on their device and confirm it with an authenticator app.
• Biometrics: These are physical characteristics that are unique to a person, such as voice, face, iris, fingerprint, or palm. They can be used to replace or augment passwords with sensors and scanners.

Venture Beat predicts that 2024 will be the year that some of these methods will become more widely adopted, especially passkeys and biometrics. However, it also acknowledges the challenges of integrating them with legacy systems, educating users, and addressing security, privacy, and surveillance concerns. A balanced approach prioritizes both security and user experience and will be key in advancing these security measures.

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