Passwords are not the problem.
The management of passwords is the real security nightmare.

User authentication is the most ignored risk to enterprise cybersecurity. When end users are allowed to generate, know, remember, type and manage their own passwords, IT has inadvertently surrendered the job title Network Security Manager to employees - the weakest link in the cybersecurity chain.
Dovell Bonnett reveals the truth about the elephant in the room that no one wants to mention: Expensive backend security is worthless when the virtual front door has a lousy lock! 

Dovell proves that making passwords secure is not only possible, passwords can actually become an effective, cost efficient and user friendly feature of robust cybersecurity. After examining how encryption keys are secured, this book introduces a new strategy called Password Authentication Infrastructure (PAI) that rivals digital certificates.

Passwords are not going away. What needs to be fixed is how passwords are managed. 

Making Passwords Secure: THE SIMPLE TRUTH About Multi-Factor Authentication (and how to make MFA fast, easy and affordable)!