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07/12/2020

Report: Billions of financial accounts at risk from stolen passwords

Wealth Professional

The importance of strong cybersecurity for financial advisors and their clients has never been higher.

The current challenges for global economies, coupled with increasingly advanced tools, mean that criminals are intensifying their online activities, putting firms and individuals at increased risk.

A new report calculates that some 15 billion usernames and passwords are currently in circulation on cybercriminal marketplaces, including those for financial and social media accounts.

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