From a post linked in the article:
> Passkeys in the Google Password Manager are always end-to-end encrypted: When a passkey is backed up, its private key is uploaded only in its encrypted form using an encryption key that is only accessible on the user's own devices. This protects passkeys against Google itself, or e.g. a malicious attacker inside Google. Without access to the private key, such an attacker cannot use the passkey to sign in to its corresponding online account.
> Additionally, passkey private keys are encrypted at rest on the user's devices, with a hardware-protected encryption key.
> Creating or using passkeys stored in the Google Password Manager requires a screen lock to be set up. This prevents others from using a passkey even if they have access to the user's device, but is also necessary to facilitate the end-to-end encryption and safe recovery in the case of device loss.