Ctrl-Alt-Delete on windows is a privileged hotkey that goes directly to the kernel. A phishing program can't intercept it once it has been pressed. If you know that Ctrl-Alt-Delete has been pressed, you are already privileged as the kernel and would be able to compromise a hypothetical protected screen buffer anyways.
https://i.imgur.com/BE0xN3i.png
The Windows login screen here doesn't allow you to type in the password until you press the magical keys that only the kernel can access. This significantly increases security, since any phishing program that puts up a fake static image doesn't know when to present the login dialog.