• Passkeys stop phishing. Using your passkey instead of a password (when both are available) ensures you're actually signing in to the site/service you expect.
• Passkeys have zero value when leaked. Users' private keys remains secret and safe even when public keys are stolen and distributed.
That said, passwords aren't going extinct anytime soon. It will likely become more popular to require 2FA for password users in the meantime, as it should.
A lot of folks/services/engineers mistakenly think that layering 2FA on top of passwords will help defend against phishing attacks.
But attackers have been phishing 2FA codes since at least 2012 and it's gone from an advanced attack to bog-standard. The only way to defend against phishing attacks in 2024 is to use phishing-resistant credentials like passkeys.
Can you point me to a citation or two where passkeys advocates claim that passwords must go away and/or account recovery mechanisms must be abolished?