Description
Our current 2FA support is "Something you know" (password) and "something you have" (TOTP or WebAuthN).
There's a newer authentication method called Passkeys. Under the cover's Passkeys can be thought of as basically WebAuthN token, however used with slightly different options that requires the WebAuthN token to require the user to unlock the device. Typically when using Passkeys, you do not need to sign in with a password at all, the Passkey acts as both factors.
The other benefit that Passkeys provide over traditional MFA, is that typically traditional MFA the "something you have" is device bound, so you need to register multiple devices, deal with what happens if your phone gets broken, etc. With Passkeys the credentials are not device bound 1, and are synced within the same ecosystem (so in the ICloud Keychain, etc) but still protected by the first factor (typically FaceID, Windows Hello, a Fingerprint, or a Pin).
These can be as secure, or more secure than Password + WebAuthN (and are more secure than Password + TOTP), but reduce user friction by eliminating the need to enter a password or switch to a different device, plus reduce the cases where the user is likely to get locked out of their account.
Footnotes
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The site can request that they be device bound I believe, for extra assurance. ↩