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.
- Where to find the savings at warehouse clubs...
- Ogden farmer's pumpkin patch, version 2.0,...
- Employer health insurance will soon be taxed,...
- Dave Ramsey says: Charging off a debt doesn't...
- Your guide to tipping just the right amount
- Rocky Mountain Power honors LDS Church for...
- 4 signs you need to quit your job to advance...
- A multigenerational hit: Student debt traps...
- Ogden farmer's pumpkin patch, version... 9
- Employer health insurance will soon be... 9
- Where to find the savings at warehouse... 8
- Your guide to tipping just the right... 4
- Rocky Mountain Power honors LDS Church... 4
- A multigenerational hit: Student debt... 3
- 4 signs you need to quit your job to... 2
- Chick-fil-A opening NYC outpost in... 1