Over the course of its existence, FIDO has developed several specifications for authentication mechanisms. FIDO also counts large hardware manufacturers like Intel and Samsung among its members, as well as several financial institutions such as Visa, MasterCard, and American Express. In the years that followed, many more companies joined the alliance, including tech giants of the likes of Google, Microsoft, and Amazon. The alliance is tasked with creating an authentication standard that can be adopted by all organizations across the world.įIDO, which stands for Fast Identity Online, was jointly founded by several tech companies including PayPal and Lenovo. But while the dream of creating authentication mechanisms that don’t rely on just memorizing and typing passwords dates back to many years, never before have we been closer to realizing it.Ī big step towards MFA is credited to the involvement of the FIDO Alliance, an open industry association focused on helping to reduce the world’s over-reliance on passwords. In the past years, advances in technology, a growing number of horrifying data breaches, and increasing awareness of the need to protect online personal and corporate accounts have led to growing efforts in creating multi-factor authentication (MFA) technologies.
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