Tuesday, February 02, 2010

Study: 73% Use Bank Password Everywhere

Bob Sullivan writes on the MSNBC "Red Tape Chronicles" Blog:

For years computer security experts have been preaching that users should never share the same password across their connected lives -- at online banking sites, at Amazon, on their Web mail services, even on their cell phones.

Apparently, most people ignore that advice.

A new study by security firm Trusteer found that 73 percent of Web users take their online banking password and use it at other Web sites. And about half of all consumers utilize the same password and user name at online banking sites and other sites.

"I must say I was very surprised,” said Amit Klein, chief technology officer of Trusteer. “It is surprisingly sad that such a large portion of users use their banking credentials at other sites. ... It exposes those users to attacks that would otherwise be impossible. I thought that people would take banking credentials more seriously, but it turns out that in this digital age, this is not the reality."

More here.


At Tue Feb 02, 11:43:00 PM PST, Anonymous Anonymous said...

So, someone hacks Mitto and suddenly me (and everyone else that uses them) is screwed... No thanks. There are many software offerings that allow you to do the same thing locally without the risks of 3rd-party password management.

BTW, I thought this blog was moderated to prevent spam, etc. Was I wrong?

At Tue Feb 02, 11:49:00 PM PST, Blogger Fergie said...

It is moderated -- I even ran the Mitto URL through Wepawet just to check (nothing overtly malicious).

That comment has been removed.

Mea culpa.

- ferg

At Tue Feb 02, 11:50:00 PM PST, Blogger Fergie said...

Also, personally I use Roboform. Works great, lasts a long time.

- ferg

At Wed Feb 03, 02:04:00 PM PST, Anonymous Anonymous said...

Roboform seems OK. Big difference between local and remote password storage.


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