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Cryptographers Aim to Find New Password Hashing Algorithm

JB

Passwords are the keys to our online identities, and as a result, they're also near the top of the target list for attackers. There have been countless breaches in the last few years in which unencrypted passwords have been stolen from a database and leaked online, and security experts often shake their heads at the lack of use of encryption or even hashing for passwords. Now, a group of cryptographers is sponsoring a competition to come up with a new password hash algorithm to help improve the state of the art.

Hashing algorithms are used to secure passwords by taking the plaintext password, passing it through the cryptographic hash algorithm, and then storing the resulting digest, rather than the plaintext password itself. That way, if attackers are able to compromise the database of passwords, what they get are the hashes and not the actual passwords.