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Onespan urges banks to adopt passkeys for phishing-resistant authentication

Onespan urges banks to adopt passkeys for phishing-resistant authentication
Onespan pushes for passkey shift

Onespan is calling for banks to accelerate the move away from traditional shared secret authentication methods in favor of passkey technology.

Ashish Jain, Chief Technology Officer at Onespan, argues that banks should move to phishing-resistant approaches to better protect customers and strengthen security. In his latest perspective, published by SC Media, Jain explains the limitations of passwords and one-time codes, warning that these methods are increasingly vulnerable to sophisticated phishing attacks. Instead, he points to passkeys as a more robust safeguard, leveraging public key cryptography to prevent credential theft and reduce fraud risks. The push reflects a broader industry trend toward enhancing digital identity protection in the face of emerging cyber threats.

Onespan has previously cautioned that reliance on mobile app security alone is not enough to prevent attacks on transactions or customer sessions, as detailed in its recent warnings about mobile security threats. The company has also promoted greater flexibility in digital signature solutions, with calls for increased customization to enhance user experiences. These recommendations align with its ongoing focus on strengthening digital protection measures.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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