It’s been over a year since the FIDO Alliance — a group that includes Google, Microsoft and PayPal — released its specifications meant to reduce the reliance of consumers and businesses on passwords. The idea (one that I can’t disagree with) is that our current system of passwords isn’t just not secure enough, but doesn’t work for the majority of businesses and consumers. Many of whom rely on a small set of not-very-imaginative passwords.
The proposed solution? A two-factor system which first determines that the user is, in fact, the person who should have access, and then that the user is indeed there in person and using the dongle (or device) that is providing access.
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Source: COMPUTER WORLD