UniCredit has revealed a data breach resulting in the leak of information belonging to three million customers. This marks the third occasion that their customer account data has been lifted by hackers. In July 2017, the Italian global Bank said hackers had accessed client data in two separate attacks, in September and October 2016, affecting 400,000 customers. Considering 81 % of all data breaches are from compromised passwords, financial organisations need to turn to passwordless solutions and take a strategic approach to implement multifactor authentication based on biometrics. This redefined strong authentication for the digital age is truly a business differentiator.
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