When there's a password breach, user details are shared or sold among criminals, and your credentials can easily fall into the hands of someone whose only intention is to use them to steal as much money, or data, from you as possible. With the average person having around 100 passwords to remember, it's perhaps no surprise that so many of us are instead just choosing to re-use the same ones across multiple sites.
What's perhaps more shocking is that 73% say personal information has been impacted by a data breach, and yet still only 15% of us are ensuring that our passwords are unique! Why Reusing the Same Password is a Bad Idea 50% stated that they were more protective of their social security number, despite the fact that some online credentials are much more desirable to criminal, and can command around $80, while social security numbers are only worth around $2. What's more, only 8% of respondents said that they guard their passwords to prevent identity theft and fraud. The main reason for this? 52% of people said that remembering passwords was too difficult.
It reveals that only 15% of us are using unique passwords for different accounts, with far too many of us instead relying on old favorites to log into websites, severely jeopardising our online safety. The study, carried out by the Identity Theft Resource Center, unveils the ugly truth about our passwords, and the lackadaisical approach that many of us take to online security. While there's no doubt that being active online means juggling many passwords, tools such as password managers can hugely reduce the stress of remembering them all. The study by the Identity Theft Resource Center shows that just 15% of us have separate passwords for unique accounts, relying far too heavily on simply repeating the same credentials to avoid having to remember multiple passwords. Research has shown what we have always suspected – people claim to take online security seriously, but in reality, most of us are failing badly, and falling into bad, and potentially dangerous, habits.
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