The FIDO Alliance has published a draft for a new set of specifications aimed at simplifying the transfer of passkeys and other credentials across different providers, enhancing user experience, and accelerating passkey adoption. With the new Credential Exchange Protocol (CXP) and Credential Exchange Format (CXF), the alliance intends to standardize the process of transferring credentials securely between credential managers, ensuring that transfers are encrypted and secure. Passkeys have shown significant advantages in reducing phishing and enhancing user experience, with Amazon reporting over 175 million customers using passkeys
The new protocol seeks to address the current challenge of passkeys being tied to specific platforms or password managers, making it difficult for users to transfer them seamlessly when switching platforms, thereby requiring the creation of new passkeys. https://thehackernews.com/2024/10/fido-alliance-drafts-new-protocol-to.html