Passkeys
A new approach is to substitute a “passkey” for the password. In this approach you register a cryptographic key with your operating system and the application. When you next try to authenticate with the application it asks to see the key you have stored on your local computer, or your phone. Your computer, your phone, tablet, or whatever you have used to store that key will then try to authenticate you as it would normally, and if you pass, it will forward the key to the application, to prove you are who you say you are.
Although the mechanics are different, the idea is similar to MFA. To prove you are who you say you are you must have access to the key, which is stored on a device which will try to authenticate you before providing the key. This is a promising new authentication standard, but it is not yet in widespread adoption. For me, passkeys are similar in inconvenience to MFA, but are more secure than getting a security code by text message. Ultimately, my recommendation is that If you run into an application which offers to use a passkey, go ahead and use it. See if you like it.
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