New York, NY – July 13, 2022 – HYPR, The Passwordless Company™ and Vanson Bourne, today released a new report that reveals the financial sector is failing to combat the biggest threat in cybersecurity – compromised credentials. Findings show that 80% of financial service organizations experienced at least one cyber breach in the past 12 months related to a weakness in authentication, yet only one-third of organizations changed their authentication methods following the breach, leaving a significant number highly exposed to future attacks and breaches.

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