Youth of today say passwords are old news, passkeys are the future
Passwords are falling out of fashion with younger generations around the world, as passkeys provide faster and more secure login without the hassle of remembering, new research has claimed.
New data from FIDO Alliance shows passkey awareness has risen from 39% familiarity in 2022, to 57% in 2024.
Moreover, businesses are missing out on revenue from younger generations, with 50% of people aged 25-34 abandoning at least one purchase per month because they had forgotten their password. Recent findings from Google claim passkeys are four times simpler to use than passwords, making them highly attractive for youngsters looking to log in rapidly or make a quick purchase. Passkeys are also phishing resistant, as they are stored on a local device such as a phone, which means that an account secured with a passkey cannot be accessed by a hacker without that device. They would also need the authenticator app you use, as well as your chosen method of verification, such as a fingerprint or facial scan.
