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":"03447f618dcf4563f750d66eaab2a085"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George Avetisov is CEO of HYPR