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":"d2a964ed66b27bc8e87d35017fc61302","s":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George Avetisov is CEO of HYPR