Let’s be honest: It’s time to move on from passwords.

At Facet, we believe managing your finances should be seamless and secure. For too long, the password has been a source of frustration—hard to remember, a hassle to manage, and a real security risk.

This isn't just an inconvenience; it's a common weakness for most. We all do it— reuse the same password across multiple sites to make them easier to remember. But this common habit has a high cost. According to Verizon's Data Breach Investigations Report, a leading percentage of hacking-related breaches involve credentials (like stolen, weak, or reused passwords).¹

When one site is breached, those same exposed passwords are used to try and unlock every other account you own.

It's not just about data breaches, either. The second major risk is phishing. A convincing-looking email or text message can trick you into entering your password on a fake website. The site might look identical to the real one, but the moment you log in, your credentials have been exposed. 

It's time for an evolution. For Cybersecurity Awareness Month, we're not just improving security; we're upgrading your entire experience to be faster, simpler, and safer than ever before. We are thrilled to celebrate the widespread adoption of passkeys and want to offer you two powerful ways to secure your Facet account.

A Simpler, Safer Future with Passkeys

A passkey is a safer, easier alternative to a password. Instead of typing a string of characters, you can sign in using the same simple, secure methods you use to unlock your device every day: your fingerprint, a face scan, or your device’s PIN.

This technology moves the burden of security away from the fallibility of human memory and onto the powerful, built-in security of the device you hold in your hand.

The benefits of this shift are profound, enhancing both security and convenience:

• • Phishing-Resistant by Design: A passkey is directly linked to our real application. This means it simply will not work on a fraudulent or imposter site, so you can’t be tricked into giving away your credentials. The "secret" part of your passkey never leaves your personal device, so there is no shared secret stored on a server for anyone to steal.

• Unique to Facet: The passkey you set up is unique to Facet. It can’t be re-used across other sites, or accidentally copied during a compromise.

• Effortless and Fast: The user experience is dramatically improved. There are no more complex password rules to follow and nothing to remember or type. The result is a faster, more reliable login.

This isn't an experimental technology. Passkeys are a standardized innovation supported by virtually every modern device and browser from Apple, Google, and Microsoft.

Your Two Paths to a More Secure Account

We encourage you to choose the upgrade that works best for you.

• Option 1: The Modern Upgrade (Passkeys) As we just explored, a passkey is the new standard. It's the simplest, most phishing-resistant way to log into your Facet account.
• Option 2: The Powerful Essential (Multi-Factor Authentication) If your password is the first lock on your account, think of Multi-Factor Authentication (MFA) as a second, separate lock that requires a different key—your phone. According to research from Microsoft, simply enabling MFA makes your account more than 99% less likely to be accessed by someone else.²

Your Strongest Financial Plan Needs a Strong Lock

Protecting your financial future is a partnership. Whether you choose the modern convenience of a passkey or the powerful, layered security of MFA, you are taking the single most effective step to secure your account.

This upgrade takes less than 60 seconds.

Log in to your Facet portal, visit your Security Settings, and enable the option that works best for you.

Sources:

¹ Verizon. "Data Breach Investigations Report." (2025) 

² CISA. "Multifactor Authentication." (2020)