Credit Unions Can Bolster Member Security with Passkey Technology
Credit unions and other financial institutions count cybersecurity among their top business concerns amid an ever-changing technology landscape. Not only is cybersecurity foundational to operations, but it is also critical to maintaining customer trust. Traditional two-factor authentication methods (2FA), like one-time passcodes delivered via email or SMS, offer a layer of protection, but they have growing vulnerabilities. Phishing attacks can trick users into revealing these codes, and outdated technology can be susceptible to interception.Enter passkeys, a new security frontier for credit unions. Google introduced passkeys to its users in 2022, and to date, more than 400 million Google users have adopted them. Passkeys are a powerful alternative to traditional two-factor authentication,...