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Passwords Weaken Company IP & Financial Data Protection

A report finds that most businesses are not using multifactor authentication and strong password protocol.

By Roy Urrico | Updated on October 24, 2017

Half of all businesses still only password-protect the company IP and financial data. Those offering additional factors are choosing the weakest and most outdated options including static questions and one-time passwords.

Those are two of the major findings from the Javelin Strategy & Research “2017 State of Authentication Report,” sponsored by FIDO Alliance.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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