SatoshiLabs is addressing a new need for crypto users expanding the security environment thanks FIDO2, a new way to have secure logins.
At a time when over 8.5 billion accounts have been compromised for both companies and individuals alike worldwide, SatoshiLabs is taking steps to protect users by combining the FIDO2 authentication standard with the Trezor Model T, bringing us all one step closer to a passwordless future.
“We’ve seen lots of password breaches in the past but there is a solution to this problem now. It’s called FIDO2, an authentication standard which allows us to get rid of passwords completely”,
said Pavol Rusnak, CTO of SatoshiLabs
FIDO2 is an authentication standard that lets users log in to FIDO-compatible online sites and services without potentially exposing credentials to malicious attack or an unsafe computer.
Using the Trezor Model T, the first FIDO2 token in the world with a touchscreen display, crypto users will be able to securely log in without any username or password. Users will need to confirm the website they are accessing on the screen of the Trezor Model T, and the login credentials stored in the Trezor device.
The authors of the FIDO2 standard designed it to be used with a hardware wallet with a display; Trezor Model T is the first and only FIDO2 hardware wallet in the world that lets users fully identify the authentication request before approvals, by displaying both the service and the account people are logging in to on its Trusted Display.
SatoshiLabs, in fact, as explained in the press release, saw a gap in the security industry that was being exploited in order to steal billions of passwords, so they decided to combine the secure Trezor environment with the most secure authentication standard to bring users the perfect blend of security and user-friendliness.