By John Leyden
2nd February 2010
The majority of online banking customers reuse their online-banking
login credentials on other websites, according to a new survey on
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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