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Businesses today are in a cyber security crisis because passwords have become obsolete. The recent HBO data breach, in which hackers demanded a ransom for internal emails along with a wealth of valuable network documents, is just the most recent event. There are red flags for businesses of all sizes – current protection methods just aren’t cutting it. Most systems have the concept of an administrator who can access all information in the system, which means that one person’s breach can bring the entire business down.

In fact, since August, nearly three quarters (73 percent) of all Americans have fallen victim to some type of cybercrime and 47 percent have had their personal information exposed by hackers. The cybersecurity “walls” that organizations have built around sensitive information are failing to stop breaches: 73 percent of hackers surveyed at the recent “Black Hat” convention believe traditional security perimeters of firewalls and antivirus are irrelevant or obsolete.

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