Dangers of password-based loyalty programs
Posted Bya Luxury Daily columnistOn In Columns,Editor's Choice,Featured,Industry sectors,Marketing,Opinion,Retail | No 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","iv":"c1fd7bcf783af73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George Avetisov is CEO of HYPR