Improve password security: Tips from financial experts for individual and complex passwords and the use of passkeys

Improve password security: Tips from financial experts for individual and complex passwords and the use of passkeys

According to a report by www.heise.de, there are still major problems with passwords, as many people still use the same password for different offers. This leads to an increase in credential stuffing attacks, where criminals attempt to combine many known passwords with email addresses and usernames. The number of successful attacks is worrying and points to the need to improve password security.

Password managers can offer a useful solution because they can generate and store complex passwords. Two or multi-factor authentication, for example with the Authenticator app, can also significantly increase the security of access. In addition, passkeys, which represent a more convenient and secure alternative to passwords, are becoming increasingly important. By linking access to browsers or devices and releasing them using a facial scan, fingerprint or PIN, passkeys offer improved phishing protection.

The impact of these security solutions on the market and consumers is diverse. The increasing demand for password managers and increased implementation of passkeys by major companies such as Apple, Google and Microsoft indicate a growing market for secure access management. Consumers could also benefit from increased security and ease of use. The increased use of password managers and passkeys could make attacks using stolen access data much more difficult.

Overall, there is a growing need to improve password security, and market trends point to increased adoption of security solutions such as password managers and passkeys. This could lead to a safer and more user-friendly online environment in the long term.