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What are long-term benefits: passkeys vs traditional MFA?

Vincent Delitz

Vincent

Created: January 8, 2025

Updated: May 17, 2025

introducing passkeys large scale overview

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Learn how to implement passkeys as phishing-resistant MFA for large-scale consumer deployments and boost security as well as user convenience.

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Read by 5,000+ security leaders.


What Are the Long-Term Benefits of Using Passkeys Over Traditional MFA Methods?#

Passkeys offer several advantages over traditional multi-factor authentication (MFA) methods that often involve passwords and OTPs. These benefits become increasingly significant over time, providing better security, cost efficiency, and user experience.

1. Enhanced Security#

  • Phishing Resistance: Passkeys eliminate the risk of phishing attacks by binding authentication to the service’s domain.
  • No Credential Sharing: Public-private key cryptography ensures no sensitive credentials are transmitted or stored, making passkeys highly secure.
  • Reduced Account Takeovers: By removing vulnerabilities like password reuse or SMS interception, passkeys significantly lower the risk of account takeovers.

2. Cost Savings#

  • Reduced SMS Costs: Passkeys eliminate the reliance on expensive SMS OTPs, saving enterprises up to 90% in operational authentication-related expenses.
  • Lower Support Costs: Fewer issues with account recovery reduce operational overhead for customer support teams.

3. Improved User Experience#

  • Faster Logins: Users can authenticate with biometrics or a device PIN, avoiding the delays of SMS OTPs or password input.
  • Seamless Recovery: Passkeys leverage cloud synchronization, making account recovery straightforward and less stressful for users.
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4. Regulatory Compliance#

  • Passkeys align with modern cybersecurity regulations like NIST and Essential Eight, ensuring compliance and reducing legal risks.
  • Enterprises can future-proof their authentication systems to meet evolving standards.

5. Scalability and Adaptability#

  • Passkeys are suitable for large-scale deployments and can seamlessly adapt to changing technologies.
  • They integrate with WebAuthn standards, ensuring compatibility with future updates and devices.

6. Customer Retention and Trust#

  • A secure and convenient authentication experience enhances customer satisfaction and loyalty.
  • Offering passkeys can differentiate enterprises from competitors still relying on outdated MFA methods.

A Better Future with Passkeys#

By transitioning to passkeys, enterprises gain a robust, cost-effective, and user-friendly authentication solution that scales with their needs and keeps up with the latest security standards.

Read the full article#

introducing passkeys large scale overview

Read the full article

Learn how to implement passkeys as phishing-resistant MFA for large-scale consumer deployments and boost security as well as user convenience.

Read the full article

Read by 5,000+ security leaders.

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