Phishing-Resistant Security with FIDO Passkeys
Why Passwords Are No Longer Safe?
Source: info.greathorn
A NordPass study showed that hackers crack 17 of the 20 most popular passwords in less than one second.
Source: nordpass
According to Google, Passkeys are 40% faster than passwords
Source:blog.google
Understanding FIDO Authentication
FIDO (Fast IDentity Online) is a set of standards designed to replace passwords with secure, passwordless authentication methods. Utilizing public-key cryptography, FIDO provides strong protection against phishing and data breaches. AuthX leverages FIDO standards to deliver organizations a secure and scalable solution.
What are Passkeys?
Passkeys is a modern authentication method that replaces traditional passwords with a more secure and user-friendly approach. They use public-key cryptography, where a key pair is generated: the private key is stored securely on the user’s device, while the public key is registered with the service. This system enables seamless and secure logins without the need for passwords, reducing the risks associated with password management and enhancing overall security and user experience.
Key Components of FIDO
Passkeys
Cryptographic credentials stored on your device that replace traditional passwords, enhancing security and convenience.
Biometrics
Fingerprint or facial recognition technology offered by AuthX are used for password-free login, providing quick and secure access.
Hardware Keys
Physical devices used for authentication by connecting them to your computer, offering an added layer of security.
FIDO Authentication Protocols
FIDO employs various protocols to enhance security and enable passwordless authentication. Key protocols include UAF (Universal Authentication Framework) for passwordless biometric authentication, U2F (Universal 2nd Factor) for adding a secure second factor, and FIDO2 authentication, which allows complete passwordless access for web applications.
Additionally, FIDO WebAuthn (FIDO Web Authentication) uses public key cryptography for secure authentication, while CTAP (Client to Authenticator Protocol) facilitates communication between clients and external security devices. Together, these protocols form a robust framework for efficient user authentication.
How FIDO Authentication Works?
-
01
Key Pair Generation
A unique cryptographic key pair is created during user registration. This involves generating a private key and a public key specific to the user..
-
02
Private Key Storage
The private key is securely stored on the user’s device, ensuring it never leaves the device and is protected from unauthorized access.
-
03
Public Key Registration
The public key is sent to and stored by the service provider. This key is used to verify the user’s identity during authentication.
-
04
Authentication Process
When logging in, the user confirms their identity using biometric data (such as fingerprints or facial recognition) or a physical security key, providing a secure, passwordless authentication experience.
Securing Financial Transactions with FIDO Passkeys
User Login
A customer attempts to log in to a Bank’s online portal.
Passkey Authentication
Instead of entering a password, the customer uses a passkey stored on their device. AuthX facilitates secure, passwordless access through FIDO standards.
Phishing Resistance
The passkey is cryptographically tied to the Bank, preventing phishing attempts from tricking the customer into divulging credentials.
Seamless Access
The customer is authenticated instantly, providing a smooth and secure login experience without passwords.
Continuous Security
AuthX monitors the session for any unusual activity and is ready to prompt for additional verification if needed, ensuring ongoing protection.
Secure Transactions
With the customer securely logged in, all transactions are protected by FIDO and AuthX’s advanced security measures, safeguarding their financial activities.
Key Benefits of FIDO Authentication
Enhanced Security
FIDO uses public-key cryptography, offering robust protection against phishing and credential theft. Each authentication is unique and bound to the specific service, minimizing data breach risks.
Passwordless Experience
FIDO eliminates the need for passwords, simplifies the login process, and reduces the hassle of managing credentials. It enhances both security and user convenience.
Compliance
FIDO meets stringent security standards, aiding organizations in compliance with regulations like GDPR and CCPA. It ensures that data protection and privacy requirements are met.
Enhanced User Experience
Authentication with FIDO is quick and easy, often involving a biometric scan or a simple tap. It streamlines the login process and reduces user friction.
Phishing Resistance
FIDO’s cryptographic methods make it highly resistant to phishing attacks. Authentication data is securely stored on the user’s device and cannot be intercepted or reused.
Future-proof
FIDO’s standards are designed to evolve with technology, ensuring continued relevance and compatibility with emerging authentication trends. It provides a robust framework that is adaptable to future needs.
Interoperability
FIDO is supported across various devices and platforms, ensuring seamless integration with various services and applications. This broad compatibility enhances its utility and adoption.
User Privacy
FIDO authentication methods do not transmit sensitive information, such as passwords, to service providers. It protects user data and minimizes the risk of misuse or unauthorized access.
