Password saturation is killing your conversions: Why Passkeys is the solution?

To protect our online privacy, it is necessary to create passwords that identify us when accessing any website or application; in fact, in most cases it is essential to have a registered user to make any purchase or transaction.

The big problem with digital password security is that they are often easy for cybercriminals to crack, as they are not too complex and turn our sensitive data into vulnerable information that can be stolen and used for fraudulent purposes.

On the other hand, having to remember different passwords causes saturation in users, which makes conversions to online companies difficult, since they often abandon the purchasing process due to the difficulties of both remembering passwords and having to create new ones for each website they visit.

For this reason, many websites have opted to use  Passkey , access keys that can be an alternative to passwords and whose use is becoming more and more widespread.

What is a Passkey and how does it work?

Passkeys are a method of logging into an application or website that aims to permanently eliminate the use of passwords and therefore eliminate the constant need to create usernames and passwords.

They are digital keys that are stored on our device, so they cannot be decrypted or stolen by third parties. It is a system based on  asymmetric cryptography , which uses different biometric identification methods for authentication.

Its operation is very simple. It is based on the combination of a public key and a private key. The public key is saved by the website, while the private key is stored securely on the device.

To confirm authentication on a website, the user must have previously chosen their authentication method, which may include, among others, fingerprint or facial recognition.

This way, you don’t need to set up a Passkey for each location or device, as you can sync it via cloud services and use the same one for everything. 

What are the advantages of using Passkeys?

As we have been saying throughout the article, one of the main advantages of using Passkeys is the elimination of the creation of passwords, since the same Passkey can be used for all online services.

However, in addition to the obvious convenience of use, the key factor in choosing Passkeys as an authentication method is its security, since, based on two-step authentication, it provides additional layers of protection that eliminate the vulnerability of traditional passwords.

They are safer because they only exist on our device, they cannot be extracted or exported and, in case of loss or theft, we can delete them.

On the other hand, we must keep in mind that large digital companies, such as Google, Apple or Microsoft, have already chosen to implement this method. If we want to have a company adapted to  the current digital  transformation , we must consider the use of Passkeys.

Are Passkeys the identification method of the future?

Although Passkeys will need to be considered a universal identification model for some time, as they are not yet applicable to all browsers, devices or online services, it is safe to assume that they will become an increasingly popular alternative to passwords.

Since large companies in the technology sector have begun to implement them, more and more online businesses have opted for them and, since current users require immediacy as well as security and confidence in their online transactions, it is necessary to consider the option of using Passkeys, otherwise we do not want to be left behind.

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