The industry has come a long way in terms of improving how we make user authentication more secure. From the most basic concept of relying on usernames and passwords for authentication to enabling multi-factor authentication (MFA) for additional security, we are now embracing a shift toward passwordless logins and/or passkeys that are designed with security in mind from the beginning.
We anticipate that passwords may disappear in a not-so-distant future, with actors likely to shift away from basic phishing or other attacks that target passwords, toward post-authentication session theft, or the weaker registration, recovery, and revocation processes.
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Source: Cisco Talos