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Investing Blog Roundup: Government Guidance on Passkeys (from the UK)

We’ve been discussing passkeys a fair bit here in recent weeks, and by coincidence last week the UK’s National Cyber Security Centre released a new paper and guidance on the topic.

Below are a handful of quotes from the publications. Please note how strongly worded these statements are. And these are from a governmental cybersecurity organization, which is presumably being very intentional with its wording.

From the “what you need to know” document:

“Passkeys are a more secure alternative to passwords that you don’t need to remember as they are created and managed safely by the software on your device(s). […] The NCSC supports the public adoption of passkeys and recommends using passkeys over passwords wherever available.”

From the press release:

“Passwords are no longer resilient enough for the contemporary world.”

“Passkeys should now be consumers’ first choice of login across all digital services, the UK government’s technical authority on cyber security has announced today (Thursday).

Overhauling decades of security practice, the National Cyber Security Centre […] has taken the decision to no longer recommend individuals use passwords where passkeys are available because passwords lack the relative resilience to modern cyber threats.”

From the paper:

“At all stages of a credential’s lifecycle, and against all commonly observed attacks, FIDO2 credentials including passkeys are as secure or more secure than all forms of traditional MFA for individuals.”

Also of note (from the press release):

“Where a particular service does not support passkeys, the NCSC’s advice to consumers is to use a password manager to create stronger passwords and keep using two-step verification.”

If you want to read the paper (or even just the “Summary and recommendations” section at the end of the paper), a few points on terminology might be helpful:

  • The word passkey itself is a colloquial term, and its exact usage varies a bit from one case to another.
  • FIDO2 credential is a technical term for what would often colloquially be called passkeys.
  • When this paper uses the term passkey it is specifically referring to passkeys synced via the cloud. It uses the terms single-device passkey or device-bound FIDO2 credential to refer to what we might think of as passkeys stored on a single device, not synced to the cloud.
  • Sync fabric refers to whatever system is being used to store your passkeys in the cloud and sync them across devices (e.g., Apple Passwords, Google Password Manager, etc.).
  • Relying party refers to whatever website or app you’re logging into when using a passkey.

Other Recommended Reading/Viewing/Listening

Thanks for reading!

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