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Cybercriminals are getting more sophisticated. Online security breaches are becoming more common. And that means that your password security — as it exists today — may not be strong enough.

Marc Boroditsky, president and COO of Authy told Entrepreneur:

“If you look at the password, it’s not even technology … it’s a process that’s left over from the horse and buggy era, and we’re using it to protect our financial information, our health information, our online activities. It was always inevitable that passwords would be replaced.”

Image: Free Digital Photos