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Google will begin planning the inaugural version of Project Abacus, a movement to get rid of all passwords, next month. Developers will test the new tools on banking apps, and plan to have the new developments available to all Android developers by the end of 2016.
Google’s Advanced Technology and Projects (ATAP) division began Abacus in an effort to completely eliminate passwords. Instead of passwords, devices will retrieve data from smartphone sensors, such as facial recognition or location, to verify user identity.
Eliminating passwords would also cut down on two-step verification, but raises questions about any potential loopholes when accessing accounts. Credential fraud is one of the most frequent forms of data breach, and it’s unclear if eliminating password would lower unauthorized access to accounts.
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