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.
- Southwest, Delta tangle over whether to cut...
- Fiat Chrysler, Google in partnership talks
- US economy struggles at start of election year
- Exxon sees smallest profit in 16 years,...
- Yahoo CEO could get $55M in severance pay in...
- Oculus Rift delays flatten virtual-reality...
- First US cruise in decades set to arrive in...
- Mystery solved? Australian says he's Bitcoin...
- Provo transit project set to begin,... 13
- Brewvies wants judge to stop DABC from... 10
- Gov. Herbert met with lobbyists to ask... 7
- US economy struggles at start of... 3
- Exxon sees smallest profit in 16 years,... 3
- Yahoo CEO could get $55M in severance... 3
- Fortune reports: BYU's cybersecurity... 3
- What millennials need to do to retire... 3