The FIDO (Fast Identification Online)  Alliance is an open industry association launched in February 2013 whose mission is to develop and promote authentication standards that help reduce the world’s over-reliance on passwords. Their solution to this problem was creating a new official web standard called WebAuthn (Owned by W3C) and FIDO2. The reasoning behind this is that passwords waste time, cost money, and are vulnerable to many attacks.  These two new standards are already supported by some of the biggest web browsers such as Google Chrome, Mozilla Firefox, Microsoft Edge, and Apple Safari. 

             As stated in the introduction paragraph, FIDO’s main goal is to make passwords become extinct due to all of the inconvenience they cause. FIDO presents a stat that states that 81 percent of data breaches are caused by stolen and weak passwords. Also, that many companies on average spend 10.9 hours a year changing their passwords. Which in term, can cost companies up to 5.2 million dollars. FIDO2 web standard is supposed to be more secure, convenient, and insures more privacy. FIDO2 is more secure due to the simple fact that users passwords are not stored on a server, but are saved on the users device. The user would then get access to their password through biometric features and this would eliminate the possibility of phishing and all attacks on your passwords. FIDO2 is more convenient because it allows users to access fingerprint reader, face scanners, and FIDO2 also offers security keys. FIDO2 also offers the best privacy because FIDO’s cryptographic keys are specific for each website. This makes it not possible to be tracked and used by unauthorized users. If everyone were able to make this transition to using these newer web standards it would ensure more privacy and security for everyone.