According to a report by 9to5Mac, Apple’s native iOS password manager might be replaced with the release of iOS 14 this year that will upgrade the system to be more competitive with third-party options like 1Password and LastPass.
When Apple released touch-screen phones, they eliminated the factor of copying and pasting lengthy passwords by ensuring that your iCloud Keychain remembers all the information and enters it automatically.
However, unlike Android, it doesn't remind the user to change the password and does not offer support for two-factor authentication (2FA) options. Due to this, iPhone users are still using methods like SMS or email to set up 2FA and this is considered highly insecure.
However, it is rumored that in the upcoming OS release, Apple is going to introduce the features of password reminders and 2FA support system for their phones. We are not sure if Apple has developed its own authenticator feature like Google's Authy or they are just going to provide dedicated versions from both 1Password and LastPass.
Source: Mac World
The news has been leaked by 9to5Mac and it says that Apple is doing so because of the latest surge in SIM Hacking across the world so they want to remove all the insecure means of exchanging data by developing a stronger system of 2FA.
This comes as good news to many users because they are usually forced to buy 1Password and LastPass upgrades for $35 every year to gain access to secure features of 2FA. So, now the iCloud keychain would be safer and you can store data without worrying about the attackers.