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Police Urge Passkey Use After Surge in Cybercrime Profits

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Police Urge Passkey Use After Surge in Cybercrime Profits

Report Fraud has documented a 417% annual increase in cybercrime revenue from account takeover attacks. Police are recommending passkey adoption as a protective measure in response to this surge in fraud-related profits.

Why it matters: Organizations and individuals using traditional password-based authentication face accelerating account takeover risk; passkey implementation should be evaluated as a defense priority.

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