Six out of ten customers use the same password for multiple websites, which could potentially compromise financial data, according to US fraud-detection vendor CSID.
Most passwords contain between 8 and 10 characters, though there are websites that don’t allow for more, according to TechWorld.
“Many businesses don’t fully grasp how consumers’ password habits can impact their security and safety,” Adam Tyler, chief information officer for CSID, told TechWorld.
Consumers can take some steps to protect their financial access online, according to U.S. News.
A strong password is random and combines uppercase and lowercase letters, numbers and symbols, according to U.S. News.
Using various passwords for different online accounts reduces the damage caused when one is breached, according to TechWorld.
When possible, make your password longer than 10 characters, according to TechWorld.
Financial institutions never ask you for your password. Be careful about what information you give away online — if it can compromise an online account, don’t share it, according to U.S. News.
Several banks and credit unions offer an extra security layer by providing an extra passcode upon request, according to U.S. News.
- Utah's first family of rodeo: Riding buckin'...
- Utahns urged to shift spending during Small...
- How to avoid scams on Cyber Monday and Giving...
- Recruiting crisis? UHP, other agencies...
- Students hope to invent windows of the future
- Feds: Utah companies accused of conducting...
- David Sturt and Todd Nordstrom: Don't forget...
- Black Friday mayhem: A tale of humor and...
- Feds: Utah companies accused of... 26
- The new Thanksgiving tradition: A quick... 11
- Utah liquor commission going slow on... 4
- Utahns urged to shift spending during... 4
- How to avoid scams on Cyber Monday and... 3
- 5 Utah E. coli cases linked to Costco... 2
- In time for the holidays, S.L. Comic... 2
- Recruiting crisis? UHP, other agencies... 2