Yes, the new password alternative is actually safer

We've lived almost all our lives in a password cycle: create them, forget them, reset them, rinse and repeat. Logins become a memory test, not the identity safeguard they should be. Despite all this effort, we are not any safer. An attacker does not need to guess your complex password—a keylogger or phishing email can capture your password, and if attackers are patient, your password could be leaked in the next breach. We live in an era where a single password can unlock decades of one's digital life, making traditional authentication options feel outdated.

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