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Financial data security is important for any business, large or small. Small businesses are just as vulnerable as larger corporations, with cybercriminals seeing them as easy targets who have fewer defenses and more vulnerabilities.
Passwords have been around for about as long as computers. There’s a reason for their longevity: Consumers intuitively know how to use them — in spite of their security shortcomings. Businesses keen to offer a low-friction way for customers to secure their online accounts have had little option but to persist with passwords. That is, until now.