Google has been pushing hard on the marketing of its Password Manager service as of late. Don’t use password managers as they are obvious targets for sophisticated hackers given they are password repositories.
A previous version of Google’s Password Manager was hacked in 2018 if memory serves correct – I learned from experience on that one. Norton‘s password manager was breached in January. I am also not a fan of single sign on (SSO) services for similar reasons. Okta (OKTA) for example has been breached more than once, twice in fact during 2022, most recently in December.
As our economy becomes increasingly digital, passwords will be largely phased out in favor of various authentication formats from authentication apps to biometrics to physical keys, etc. My sense is that as the Fed rolls out its CBDC – FedCoin – the number of real time payment processing use cases will explode. This will help drive adoption of blockchain / DLT – based use cases for payments, for smart contracts, for investments through tokenization and more. Mass adoption of these technologies is a long ways off, but has steadily increased over the past few years.