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Term · 27. Emerging Categories 2024-2026

Passkeys

Passkeys are phishing-resistant login credentials based on the FIDO2/WebAuthn standards that replace passwords with public-key cryptography. The private key stays on the user's device (protected by biometrics or a PIN) and never leaves it, so there is nothing to phish, reuse or leak in a breach. Backed by Apple, Google and Microsoft, passkeys sync across a user's devices and are becoming the default for sign-in.

Technology Source: FIDO Alliance
AuthN FIDO W3C Introduced by: Big4 (Deloitte / PwC / EY / KPMG)

Definition

FIDO Alliance's consumer-friendly branding of WebAuthn credentials, launched 2022 by Apple, Google, and Microsoft. Cryptographic credential bound to user's device (or synced via iCloud Keychain / Google Password Manager / 1Password) replacing passwords. Phishing-resistant by design — passkey cannot be entered into a lookalike domain. Backed by W3C WebAuthn Level 3 specification.

Synonyms
  • FIDO Passkeys
  • Synced passkey
  • Cross-device authenticator
Application
Regulatory: FIDO Alliance — FIDO2 / CTAP2 · W3C — WebAuthn / DID Core

MidPoint: Passkey is a type of strong digital credential.
Standards & regulations
  • FIDO
  • W3C
Sources
FAQ

Frequently asked questions

How are passkeys more secure than passwords?

A passkey uses a private key that never leaves the device and a public key stored by the service. There is no shared secret to phish, guess or steal in a database breach, and each passkey is bound to a specific site, which defeats phishing.

What happens if I lose my device?

Most passkeys sync through the platform's encrypted cloud (Apple iCloud Keychain, Google Password Manager), so they restore to a new device. For workforce use, organizations register backup authenticators or recovery flows to avoid lockout.

Are passkeys the same as MFA?

A passkey combines possession (the device) and inherence or knowledge (biometric or PIN) in one step, so a single passkey already provides multi-factor-grade, phishing-resistant assurance — stronger than a password plus SMS code.