A staggering 19 billion Passwords Leaked in over 200 data breaches during the 2024 Breaches according to a recent report by Cybernews. The findings reveal a critical vulnerability in global digital security systems, raising alarm for both individuals and organizations. These compromised credentials are now circulating across the dark web and criminal forums, making them accessible to cybercriminals for a price.
The data shows a worrying trend: a majority of users still rely on weak and repetitive passwords. Simple combinations like “123456” remain among the most common, while 94% of the exposed passwords were found to be reused across multiple platforms. Cybernews researchers warn that this practice creates a domino effect—once one account is compromised, hackers can easily access others linked by the same password. As a result, cybersecurity experts are advocating for a major shift toward passwordless authentication methods to safeguard digital assets.
2024 BreachesCredential Managers and Passkeys: The Tools for a Safer Digital Experience
As passwords become increasingly unreliable, major tech companies are encouraging users to adopt more secure alternatives such as passkeys and credential managers. Microsoft, Apple, and Google have all integrated credential management systems into their platforms. These tools offer users encrypted ways to store and manage login credentials securely.
Credential Manager, available on Windows and Android, uses a protected API system to secure user information. For Windows users, passwords are stored in encrypted folders called “Vaults,” and Android users benefit from unified API support for managing access. Tech experts emphasize that using credential managers reduces the risk of human error and simplifies account protection.
Additionally, third-party platforms like 1Password, Bitwarden, and Dashlane have gained popularity for offering cross-platform solutions. These tools help prevent common errors such as password reuse, and simplify the process of securing digital identities.
Multi-Factor Authentication and the Rise of the Passkey Era
To further enhance digital security, experts recommend implementing multi-factor authentication (MFA). While SMS-based verification is vulnerable due to its lack of encryption, email and app-based MFA methods provide a more secure alternative. Corporations, especially those in finance, e-commerce, and software development, are increasingly adopting MFA to protect their operations.
Another emerging tool is the use of roaming authenticators, like Yubico, which allow users to verify their identity using a secondary device. This is especially useful for companies requiring high-security environments.
Tech giants are also making bold moves to drive change. Microsoft recently deleted passwords for over a billion user accounts to accelerate the transition to a password less future. The company is promoting a passkey-first approach, urging users to explore biometric or device-based login options.
While 2024 Breaches it may be premature to declare the end of passwords entirely, the shift has begun. The recent wave of data breaches has made it clear: relying on traditional passwords is no longer a viable security strategy. The faster users and organizations embrace alternatives like passkeys and credential managers, the safer the digital world will become.
Also Read :- How to Secure Communication Channels? : A Practical Guide for Everyone
