Earlier quoted context omitted.
> Passkeys are meant to be a password _replacement_, No. Passkeys parasitize on FIDO2 U2F standard, that was developed to be (as the name implies) the second factor. Resident keys are meant for on-device 2FA with PIN, a functional replacement of smart cards. Someone (Apple maybe) thought it’s a good idea to consider WebAuthn being good enough to be the only authentication factor (no resident keys, no hardware bond, k…
Microsoft Live allows me to sign in to live.com with nothing else but my Yubico Security Key. That's right, I don't even need to know my username; I just plug in the key and touch it and I'm logged in. And when I write "I" you should read "anyone who has physical possession of this key". I think that's astonishingly bad opsec for a Big Tech cloud service. If I were a sane person, I would deregister that key as a FIDO…
Add a PIN or password to the key and now anyone who has physical possession of the key will need to know your secret in order to use it.
Yubikeys, for example, will wipe their credentials after 8 wrong password attempts.