National Australia Bank aims to replace internet banking passwords with passkeys and biometrics by 2030.

National Australia Bank plans to phase out passwords for internet banking by 2030, replacing them with passkeys and biometric technology. The bank's chief security officer, Sandro Bucchianeri, calls passwords "terrible" and risky, citing increasing cybersecurity threats. NAB has already introduced passkeys at its subsidiary Ubank and aims to implement the technology across the bank within three to five years, balancing security and usability.

3 months ago
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