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Time to eliminate the password: New report on next-generation authentication for digital financial services
By ITU News “We don’t want digital financial services to be built on the wrong foundation, which is the password,” says Abbie Barbir, Rapporteur for ITU standardization work on ‘Identity management architecture and mechanisms’ (Q10/17). Over 3 billion usernames and passwords were stolen in 2016, and the number of data breaches in 2017 rose 44.7 per cent higher than that
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