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.
- Lawsuit accuses state of illegally pursuing...
- The wrath of Comic-Con: S.L. convention...
- Chinatown Supermarket opens in South Salt Lake
- 9 startup companies perfect for your family
- Dave Ramsey says: Don't touch that 529 plan
- Consumer index climbs to record level in Utah
- BYU grad strikes gold teaching via online...
- Balancing act: First 'real' job teaches...
- Fast food workers vow civil disobedience 18
- Dave Ramsey says: Don't leave an estate... 13
- San Diego Comic-Con tells Salt Lake... 12
- BYU grad strikes gold teaching via... 12
- Sarah Palin launches online... 10
- Dave Ramsey says: Don't touch that 529... 8
- The wrath of Comic-Con: S.L. convention... 8
- U.S. economy grows at scorching 4... 5