A new login technique is becoming available in 2023: the passkey. The passkey promises to solve phishing and prevent password reuse. But lots of smart and security-oriented folks are confused about what exactly a passkey is. There’s a good reason for that. A passkey is in some sense one of two (or three) different things, depending on how it’s stored.
You’re entering your password into your password manager, which is stored by a company or entity whose entire job is to keep it secure. You’re not giving your password, in any form, to the website or service you’re accessing. When the website gets compromised, your hashed password is not in a database waiting to be cracked. All the attacker gets is a public key they can’t use for anything.