Microsoft has been a proponent of passwordless technology for quite some time, saying that it wants traditional and unsafe passwords to die. To that end, it has invested in various solutions over the past few years such as Windows Hello, Microsoft Authenticator, FIDO2 security keys, and a palm vein authentication system, among other things.
Now, the company has highlighted the strides it made to kill off passwords in 2020, and has stated that it plans to make them a thing of the past for all its customers in 2021.
Microsoft noted that almost 80% of all cyberattacks target passwords, and one in 250 corporate accounts get compromised each month due to this. That said, the company is making an effort to transition people to passwordless solutions. In November 2019, 100 million people were using Microsoft's passwordless sign-in. This number grew to 150 million by May 2020, which goes to show how millions of people are ready to ditch passwords due to the inconvenience of remembering them, coupled with how insecure they can be.
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