Passkeys: A Safer, Easier Alternative to Passwords

Passkeys: A Safer, Easier Alternative to Passwords

In the ongoing quest to provide a more user-friendly way to authenticate identity, the concept of passkeys is emerging as a promising solution. Passkeys represent a significant step towards achieving both heightened security and improved user experience in digital authentication.

What Are Passkeys?

Passkeys are an authentication method where users depend on a trusted, owned device to verify their identity. This process involves the safe device sending confirmation to the Passkey application once authentication is successful. Essentially, Passkeys act like a specialized key that is unique to each user and is stored locally on their device. This local storage significantly enhances security by minimizing vulnerability to phishing attacks since there are no password transmissions that a malicious party can intercept.

How Passkeys Work

The process of using Passkeys is designed to be straightforward, yet robust.

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  1. Register a Device: Users create a unique key on their compatible device, such as a laptop or mobile device.
  2. Authenticate: When accessing a service or application, users authenticate themselves using their registered device. This typically involves using biometric identifiers, such as fingerprints or facial recognition, or entering a special authentication code generated by a trusted device.
  3. Get Access Granted: Upon successful authentication, the registered device communicates with the application to grant the user access to the desired service or application.

Benefits of Passkeys

Implementing Passkeys offers several advantages over traditional password-based systems.

  • Enhanced Security: Biometric data and authentication keys are securely stored on the user’s device, which reduces exposure to centralized servers and lowers the risk of interception during transmission.
  • Phishing Protection: Since Passkeys do not exchange passwords, it becomes significantly harder for cybercriminals to execute phishing attacks aimed at stealing login credentials.

As the industry moves towards a password-free future, Passkeys represents a pivotal advancement in digital authentication technology by offering a robust blend of security measures and user convenience. Solutions like Passkeys pave the way for a more secure digital ecosystem where users can access their accounts with confidence, knowing their personal information is safeguarded by cutting-edge authentication methods.

CoreLogic® Real Estate Solutions multiple listing clients need Clareity Assure™ to activate Passkeys. Clareity® Risk clients can upgrade to Clareity Assure at no additional cost. Not a Clareity Risk or Assure client? Ask us for a demo! For more information, contact your CoreLogic account rep.

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©2024 CoreLogic, Inc. All rights reserved. While all of the content and information is believed to be accurate, CoreLogic makes no guarantee, representation, or warranty, express or implied, including but not limited to as to the completeness, accuracy, applicability, or fitness, in connection with the content or information or the products referenced herein and assumes no responsibility or liability whatsoever for the content or information or products referenced herein or any reliance thereon. CoreLogic® is the trademarks of CoreLogic, Inc. or its affiliates or subsidiaries.

SHAL MLS to Transform Egyptian Real Estate with CoreLogic Multiple Listing Platform

IRVINE, Calif., October 28, 2022— SHAL MLS, LLC, the driving force behind real estate innovation in the Middle East, has announced an agreement with CoreLogic® to create the first-ever multiple listing service in Egypt. Powered by a suite of connected solutions from CoreLogic, the new nation-wide MLS will unify the fractured Egyptian real estate industry, modernizing the homebuying process for more than 100 million Egyptian citizens.

The agreement also grants SHAL MLS exclusive rights to deploy CoreLogic multiple listing technology in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar—other Arab nations where organized MLS systems do not yet exist. The new Egyptian MLS system will leverage CoreLogic Matrix™, a leading multiple listing platform used by more than a million real estate professionals in the U.S., Canada, and around the globe. SHAL MLS will implement CoreLogic OneHome™ as its search and client collaboration portal for homebuyers, and CoreLogic Trestle™ to distribute listing data to SHAL MLS partners.

“The structure and organization that SHAL MLS brings to the region’s real estate market including  Egypt, Saudi Arabia and United Arab Emirates will have a profoundly favorable effect on the local economies,” said SHAL MLS CEO Ahmed Elbatrawy. “It will digitally put Egypt, Saudi Arabia and United Arab Emirates on the global real estate map and open their real estate markets to the entire world at the click of a button. We plan to make the Egyptian, Saudi and UAE MLS listings available to U.S. real estate agents, which could help boost foreign investment to record levels. We anticipate this venture will generate billions of dollars in sales and improve the ROI for real estate developers and brokers throughout the region.”

“The agreement to leverage CoreLogic real estate technology solutions in the middle east is a testament to our overall experience in this space and our commitment to global expansion. We welcome the opportunity to help centralize and modernize the multiple listing landscape in Egypt and beyond,” said Devi Mateti, president, Enterprise Digital Solutions for CoreLogic.  

About CoreLogic

CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www-corelogic-com.corelogicdev.wpengine.com.

CORELOGIC, MATRIX, ONEHOME, and TRESTLE are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective holders.

Media Contact

Robin Wachner
Corporate Communications
[email protected]