Poor Password Habits Can Endanger Business

By Karen A. Frenkel  |  Posted 01-06-2017 Email

Although most individuals know what safe passwords should be, most people tend to ignore what they know and instead use easy-to-remember passwords because their fear of forgetting is stronger than their fear of being hacked, according to a recent study on the psychology of passwords. "Most admit to knowing better, but still implement poor choices and tactics in creating and managing passwords for their digital lives," the report concludes. "It further enforces the message that knowing the right thing to do and actually doing the right thing are completely separate discussions when it comes to password habits." Many factors drive these behaviors, including increasing complexity, the growing number of accounts, and overall password and security fatigue—and hackers count on these behaviors to breach accounts. Since these poor habits affect work as well as personal passwords, they are a major concern to CIOs, CISOs, and other tech and business executives. LastPass, a software developer that makes a so-called "password vault," commissioned the study, which was conducted by market research firm Lab 42. Responses were received from about 2,000 individuals in Australia, France, Germany, New Zealand, the United Kingdom and the United States.

Karen A. Frenkel writes about technology and innovation and lives in New York City.


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