In today s world, the traditional way of password based authentication is having limitations in addressing the security concerns of the digital users. There is a strong movement in favour of passwordless authentication to secure our cyber identities and digital assets. In the recent years, a lot of research outputs have been published in the field of authentication with techniques like multifactor authentication, passwordless authentication, adaptive authentication and continuous authentication. Not only the user, but also the device, the application etc. must be authenticated to access the resources, facilities and services. Even though the passwords face some serious security issues, they enjoy considerable user acceptance and hence some schemes termed as semi-passwordless authentication are also prevalent. This paper goes through existing authentication schemes, their security issues, attacks and the next step ahead.