Again, in line with Cybersecurity Awareness Week, consider using password managers—a great tool to store and manage passkeys that provides a seamless way to integrate advanced authentication methods while keeping credentials safe and easily accessible. Passkeys are the answer to many of the challenges raised by Cybersecurity Awareness Month by simplifying authentication processes and improving security outcomes at the same time. Compliance and Regulation: As regulatory requirements become increasingly stringent, and regulations like the EU’s PSD2 or US financial sector guidelines tighten, passkeys — particularly device-bound passkeys — help keep businesses compliant without compromising user convenience. As businesses work to enhance security in light of Cybersecurity Awareness Month, it’s clear that passwords might not be dead, but they should think about putting their affairs in order. Companies should consider using passkeys in conjunction with MFA for another layer of security—MFA is another key recommendation from the Cybersecurity Awareness Month campaign. While this message is accurate, and all these elements are a move towards more robust authentication, there’s an even better way than managing solid and unique passwords – adopting passkeys. The path to a passwordless world won’t happen overnight, but adding passkeys to the business’s security roadmap is a giant leap toward safeguarding your organization. More and more businesses are now using passkeys to improve their security stacks. Ensure that employees understand the importance of passkeys and how they offer a phishing-resistant, secure alternative to traditional passwords. Google, Apple, and Microsoft are now supporting passkeys across their platforms, which is a great opportunity for businesses to integrate passkeys into their authentication strategies. For low-assurance activities, such as accessing non-sensitive applications, synced passkeys bring a nice mix of convenience and security. Passkeys, on the other hand, are a more secure alternative built on the FIDO (Fast IDentity Online) Alliance’s standard, which hopes to eliminate passwords altogether. For high-assurance environments (think financial transactions), device-bound passkeys will help the business meet compliance standards. Passkeys are the future, helping companies move towards a more strong and efficient security posture. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Seamless User Experience: No one likes friction, and a smoother authentication process means employees will be less inclined to try and work around security policies. This year, Cybersecurity Awareness Month is themed “Secure Our World,” a stark reminder that simple measures can protect businesses from online threats. Passkeys help mitigate this risk by ensuring that a service can only be accessed by the right cryptographic key, which renders phishing ineffective. Update Your Authentication Infrastructure: Ensure that your systems and services support passkeys. Phishing Resistance: Unlike passwords, passkeys are resistant to phishing attacks. By using passkeys, entities can cut the friction that is an inevitability with password changes, MFA prompts, and password resets. Remember, securing your business doesn’t have to be complex — with passkeys, it can be simple, efficient, and resilient.
This Cyber News was published on informationsecuritybuzz.com. Publication date: Wed, 02 Oct 2024 06:13:06 +0000