Hawcx Raises $3M to Revolutionize Passkey Authentication with Passwordless Tech

Hawcx Raises $3M to Revolutionize Passkey Authentication with Passwordless Tech

Passwords are ubiquitous, despite not being foolproof and cannot alone protect your online identity. Almost one-third of data breaches reported over the past decade happened due to stolen credentials, per Verizon, including some of the biggest breaches of all time. Image:Getty Images Instead, the industry has largely found passkeys arguably the most prominent solution to replace passwords. More than 15 billion accounts online can use passkeys, and big tech companies — Amazon, Apple, Google, and Microsoft, and others — are working together to promote passkey adoption. But users are still shying away from passkeys due to their lack of portability and a general state of clunkiness. Cybersecurity startup Hawcx aims to fix some of the headaches with passkeys by using its new passwordless authentication technology, which takes the best of passkeys but without their limitations. Users can find setting up passkeys on their accounts cumbersome and challenging when logging in using passkeys across m…