So Kaspersky found out that MD5 passwords are unsafe. That's literally 20 year old news. Actually, Kaspersky found out that brute-forcing MD5 on consumer-grade hardware has become slightly faster than two years ago, which makes me wonder if Captain Obvious's secret identity is that of a Kaspersky cybersecurity expert.
El Reg concludes from this that we should ditch passwords, which they back up with the opinion of a second expert. This expert immediately tells them they're wrong, that passwords are perfectly fine if used with MFA, and that a lack of public knowledge about basic cybersecurity is the real issue. They somehow treat this as him agreeing with them.
Actual technological alternatives to traditional password use (such as passkeys or password managers with per-site passwords) are mentioned only as an aside or not at all. It never occurred to El Reg or Kaspersky to mention that MD5 has been considered obsolete since the days of Internet Explorer 7 and that more secure hashes like bcrypt have been around since the late 90s. For that matter, the Kaspersky source talks about rainbow tables without using the word "salt" even once.
Finally they conclude with a call to action to "improve that user security stack", arguing that passwords are inherently unsafe due to their "complex requirements and hashed storage". That's so deep into la-la land that I'm not even sure what it is they're trying to say or who they're even talking to.
That's an amazingly badly written article.
What impresses me the most is that the Kaspersky article they're talking about is just as asinine as El Reg's confused stammering. The most sense I can make out of it is that they're making a bad faith argument ("we can brute-force MD5'd passwords with a 5090 so you should use MFA") because they're trying to get nontechnical people to do the right thing and hope they can scare them into compliance if they bullshit hard enough.
Edit: I just noticed how often Kaspersky's article refers to the own password manager they sell. So their bad faith argument is really just in service of an ad that happens to contain some decent security advice.