National Australia Bank (NAB) has announced plans to eliminate traditional passwords in favor of advanced authentication methods like fingerprints and facial recognition by 2030. The initiative comes as the bank faces approximately 50 million cyberattacks monthly, with criminals frequently targeting smaller businesses connected to NAB to access sensitive information.Digital text reading "Bank". The move is part of a broader industry trend toward passwordless authentication, following the FIDO Alliance’s push for passkey adoption across banking and payments sectors ,
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"datePublished": "2024-12-09T10:27:09",