Senior staff at the Bank of America says passwords “need to go away”.Bank of America executive Michelle Moore, head of digital banking for the Charlotte-based bank told media this week that traditional IDs and passwords are prime targets for hackers.”If you think about all the breaches and everything going on in the world, passwords need to go away,” said Moore, who is based in Charlotte. “No. 1, people forget them. No. 2, they're not safe.”The report notes that the bank has also been testing iris-scanning technology with phone-maker Samsung. One advantage of biometrics is they replace passwords that can be difficult for customers to remember. But as biometrics explode, so have concerns about whether that data can be hacked. Moore said the technology is safer than traditional IDs and passwords.”If someone takes your phone and breaks into it, they're not going to be able to find your fingerprint data, download it and then go use it somewhere,” Moore said.”For me, this is safer, but we can always make it more safe,” she said. “And that's why we're moving towards biometrics, away from an online ID and a password that a lot of consumers use in other places.”

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