Passwordless Identification Era

Do you know any colleagues that write their password on a post-it and put it on the corner of their computer screen? Have you ever received a username and password shared via email? I’m sure those experiences are not too unusual for most of us, but just because everyone is doing it, doesn’t mean it’s safe.

Passwords are the real problem; and not being cautious about them makes them an even bigger problem. The 2019 Verizon Data Breach Investigations Report (DBIR) confirmed that . We all know that sending passwords via unencrypted channels like email is hazardous. And what about those post-it notes? Every single one of your colleagues can see your password, as well as your housekeeper or night-time maintenance people. Think about it, would you put the password of your social media for everyone to see like that?

We understand it’s not easy to remember

these passwords without a post-it, especially ones that are not 123456, which is the most popular password of 2019. According to the Digital Guardian, the average email address is associated with 130 accounts. Let me repeat this, one hundred thirty accounts. Who can remember 130 different sets of passwords? Well, not many people do. 61% of people reuse their password, and 64% of them are using weak passwords. Still, about 40% of helpdesk activity is related to resetting a password with each call costing nearly 30 USD and a typical user calling three times a year.

Solving the password problem is not easy. We all use it every day. Also, you cannot force every single person to have a unique 50 character password, which includes special characters for all 130 accounts and remember all of them. So we go back to the start and ask ourselves, “why do we need passwords anyway?”

You might say that

we need a username and password to identify ourselves and access all these online accounts. But can others use your username and password to login to your online accounts? Can your wife access your email? Well, then maybe a username and password might not be a great way to identify yourself. Can your housekeeper send an email as you if you have a username and password on your desk? After years of research, we found out that the best way to deal with password issues is not to have password at all.

Finema believes that

Passwordless identification is the best way to access all your online accounts without needing to remember anything. Read this slowly, no more remembering any passwords! But how does it work?

Next time you want to login to your email account

there will be a QR code popup. Just scan it with your phone, and you are in! Plus, there could be a popup on your screen for you to confirm email login, without scanning anything. Want extra security? Besides your phone screen lock, you can add as many additional layers of safety as you want, such as having a pattern unlock.

With Finema passwordless technology

you only need to digitize your identity online once. Then your identity will be encrypted securely on your phone under your full control. Next, you can use your phone to verify your identity for online account logins or even use it instead of your ID cards at a hospital or university. Are you ready for the new era with no more passwords?

New : 2020 Guidance for Decentralized Identity and Verifiable Claims

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