The Words on Passwords [infographic]Posted by Oct.11, 2013 in News and Commentary, Passwords and Security
Smartphones and mobile devices are the waves upon which we ride into the future, and until we do something about our abysmal security habits now, our cybersecurity waters look pretty murky. According to a study conducted by Janrain, a productivity management provider, one of the major setbacks associated with user security is remembering all of the passwords that govern the seemingly endless online accounts.
The study found that 38 percent of the participating adults believed it would be easier to solve world peace than to remember their passwords. Thirty-eight percent also confided that they would rather do household chores than have to create another one. In keeping with good password strategy, however, the news source reported that 58 percent of the polled adults maintain at least five unique passwords.
Smartphone security lacking
A rise in mobility has resulted in a crucial need for password protection. Sensitive tasks like banking have been simplified online, inspiring more than 72.5 million U.S. households with Internet access to make the switch, according to American Banker. The similarly widespread use of smartphone was cited by the news source as one of the probable causes for this increase.
American Banker reported that 30 percent more online banker are content using their phones for sensitive transactions, which is up 23 percent from 2008, and more than half have used their mobile devices to transfer money. According to a study by the Poneman Institute, however, 62 percent of smartphone users still fail to password protect their devices, leaving enormous holes in their security.
How will passwords help?
According to BusinessWeek, it takes hackers a mere 10 minutes to crack a lowercase 6-character password. It takes six years if the user adds two uppercase letters to crack the same password. In order to really shake off attacks, the news source said that a password with 10 characters that includes four uppercase letters, one number and one symbol will take hackers an estimated 44,530 years to crack. Multiplying that password combination by the amount of accounts a typical user maintains sounds like a daunting task. According to the Janrain study, most users aren’t prepared to accept that challenge. Password managers, however, take that burden head on by providing users with a simple-to-use resource that not only manages complex passcodes but secures them behind an encryption that only the user knows.
This infographic we have made shows the stats from the above. Link for the full-sized version