Internet users are frequently reminded that there are a many threats to their personal information, and to their businesses. But despite the development of better tools, account hacking and phishing persist. According to data from Telesign, the weak link in the password system is still people.
In the last year, two out of five people have had a password stolen, an account hacked, or received notification that their personal information had been compromised. Eight-in-10 people are worried about their online security, and seven-in-10 no longer trust passwords to protect their online accounts.
The problem, however, isn’t necessarily the passwords, but poor security hygiene practiced by users. 21 percent of people use passwords that were created more than 10 years ago. 47 percent of people use passwords that were created more than five years ago. And the top passwords of 2014 were the old worst offenders like ‘12345,’ ‘qwerty,’ and ‘password.’
Additionally, 73 percent of online accounts are protected by duplicate passwords, or the same password across multiple sites. 54 percent of people use or fewer passwords across their entire online life, and on average only six unique passwords are used to protect 24 online accounts.
68 percent of people still want companies to provide a layer of extra security. However, Telesign notes that many companies have already made two-factor authentication available and people just don’t use it.
To learn more about two-factor authentication, visit TurnOn2FA.com or check out the infographic below.