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.
- Ogden Salvation Army needs help after thieves...
- How to avoid wasting money on fees
- Utah coal: A story of families, jobs and...
- School pays tribute to janitor 'Mr. Steve'...
- Is there a bigger picture to the selfie?
- Dave Ramsey says: Dave Ramsey: Make time to...
- Balancing act: Quest for work-life balance...
- U. launches ride-matching service
- Utah coal: A story of families, jobs... 32
- There's more to why Americans don't... 13
- The battle over coal struggles to find... 4
- US productivity up 3.3 percent in... 2
- How Medicare is trying to start a... 2
- Balancing act: Quest for work-life... 1
- Randy Shumway: Invest in education to... 1
- Is there a bigger picture to the selfie? 1