Passwords are broken. They’re the weakest link in our digital security chain, costing businesses billions. According to a study by Forbes Advisor, 46% of Americans have had their passwords stolen in the past year. Traditional password-based authentication is weak and makes individuals and businesses vulnerable. But what if we didn’t have to use passwords at all?

Throughout history, technology has been a catalyst for solving many civilizational problems. The advent of artificial intelligence (AI) presents an incredible opportunity to combat cybersecurity risks and bolster the defenses of organizational IT networks. The good news is that it’s already making an impact by reducing the average dwell time of cyber attacks by as much as 15%. But AI holds much more promise.

Passwords are the digital keys to our lives. They unlock everything from our most sensitive financial data to our personal communications and cherished memories. For online businesses, they are a safety net that allows customers to transact business and make purchases with apparent security. Yet, for all their importance, passwords remain a glaring weak point in online security. Consider this: 81% of data breaches hinge on compromised passwords.

Imagine: You get an email from your bank alerting you to a suspicious login attempt. It looks identical to their usual security notices, down to the logo and phrasing. You click the link to review the activity, log into your account—and unwittingly hand your credentials over to a cybercriminal. This is the reality of clone phishing.