Article: Solving the Convenience and Security Equation

PayPal has remained at the forefront of the digital payment revolution for more than 25 years by creating innovative experiences that empower over 400 million consumers and merchants to move money easily and securely.

Safety is a cornerstone of our global operations, and we are committed to protecting our users across the approximately 200 markets that we serve. In this piece, we detail the latest developments in authentication security and share recommendations for policymakers to enable increased safety in the digital economy.  

Passwords can be traced back to ancient Rome where ‘watchwords’ were used by the Roman military to sustain trust within communities. Today, passwords are ubiquitous online, with a typical customer requiring a vast number of passwords to access their frequently used websites and apps.

This poses a number of challenges. Creating, remembering, and managing hundreds of unique passwords is extremely complex. In addition, passwords can be easy for criminals to guess or steal, and many passwords are no longer a secret following several large-scale data breaches.

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