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Most consumers reuse banking passwords on other sites




Most consumers reuse banking passwords on other sites
Most consumers reuse banking passwords on other sites



http://www.theregister.co.uk/2010/02/02/e_banking_password_fail_survey/ 

By John Leyden
The Register
2nd February 2010

The majority of online banking customers reuse their online-banking 
login credentials on other websites, according to a new survey on 
password insecurity.

Online security firm Trusteer reports that 73 per cent of bank customers 
use their online account password to access at least one other, less 
sensitive website. Even worse, around half (47 per cent) use the same 
online banking username and password for other website logins.

This dismal password security practice means that if cybercrooks trick a 
user into giving away his login credentials for a social networking 
site, for example, they stand a very good chance of getting into webmail 
and online banking accounts for the same person, potentially bringing 
about crippling financial losses as a result.

Trusteer's findings are pulled from a sample of users of its Rapport 
browser security service. This is offered through online banks in Europe 
and North America to their customers as a defence against phishing 
attacks. Web users outfitted with Trusteer's Rapport browser security 
plug-in are prevented from sending login details to fraudsters, even if 
they visit and attempt to enter data into a known phishing site.

[...]


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