Passkeys: how do they work? No, like, seriously. It’s clear that the industry is increasingly betting on passkeys as a replacement for passwords, a way to use the internet that is both more secure and more user-friendly. But for all that upside, it’s not always clear how we, the normal human users, are supposed to use passkeys. You’re telling me it’s just a thing… that lives on my phone? What if I lose my phone? What if you steal my phone?
Banks are certainly behind the times and ‘bank-grade security’ is a joke in terms of what authentication methods they offer. I understand that they are slow to change anything though.
My crypto wallet is more secure than my bank because I hold the keys myself and I am not nearly as large a target as a bank. Is it better to go after one person’s money or one million people’s money?