Are passwords going be to obsolete?

You know that you've forgotten your password before and thought, "Well, if I can't remember my password, then no one else can hack my account and that's great security." But is it? According to Brian Lennon's article,

Poorly chosen and repeatedly used passwords are easy to guess, either through computational techniques (such as the “dictionary attack,” which might test all known words and word combinations in a particular language) or so-called social engineering (that is, tricking someone into disclosing a password).
It seems that passwords can easily be found through malicious means, but that is not even the largest issue with passwords as dissociation is.

As the article points out, if a hacker has your password, even if it is a random set alphanumeric characters, they can use it anywhere without your consent. However, if there are biometric security measures, people can only use their biometric security measures if it is associated with them, which leads to added security and control.
In the future, hackers can probably develop techniques to gather biometric data to hack a person's account, but for now, biometric security measures will probably spell the end for passwords.
What are your thoughts?

 
Best Response

There are some serious Fifth Amendment issues with biometric sensors. At least with a password, you cannot be compelled to disclose it to authorities as it could be self incriminating, should they want to search something locked with a password. However, authorities can compel you to cooperate with their search by unlocking your phone/computer/anything with your thumbprint/face/whatever.

For now, be happy you can still be hacked.

 

I see the future likely being a combination of both if you have a simple easy to remember password that is coupled with biometrics you get the "best" of both worlds so to speak. You prevent malicious third party attacks and you prevent government intrusion. It's like upfront two factor authentication.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

I agree with you that account security is not obsolete and I believe that passwords with biometrics will be the future. The main concern with passwords is the machines can crack them.

 

Voluptatem nulla quidem est est in. Rerum ut voluptatem occaecati nulla esse. Debitis voluptates sed dolor id minus asperiores magni laboriosam.

Qui ipsum et nam qui similique harum. Neque omnis commodi rerum facere voluptatem est. Voluptatibus qui nesciunt quidem sed ipsum sint. Dicta quod excepturi rerum velit.

Blanditiis autem voluptatem quod repellendus magnam provident consequuntur. Vero labore odit minus corporis illum quae suscipit. Et consequatur voluptatibus quas dolorem voluptatum. Delectus cumque eos rem cupiditate.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”