Saturday, March 2, 2024

Report: Nearly half of Internet users share their passwords

Nearly half (44%) of Internet users admit having shared their passwords with somebody or left them visible for people to see, according to the findings of Kaspersky Lab?s recent consumer surveys, one of which has 1,394 respondents from the Philippines.

KL_Share Passwords

This demonstrates disregard for online safety and could make it easy for cybercriminals to unlock and gain access into the online lives of consumers.

When asked about the importance of passwords, respondents were more likely to think strong passwords were necessary for the online services they valued most highly.

The studies found that the sites most in need of strong passwords were online banking (54%), email (44%) and social media sites (24%).

The list of the top three most important applications was almost identical — 53% for online banking, 43% for email, and 21% for social media sites.

Consumers also believe that online shopping and payment applications require strong passwords, but don?t place the same value on these sites.

Just 29% considered online shopping to be a personally important service, although over a third (38%) felt it warranted a strong password.

In addition, 29% agreed that online payment systems needed a strong password, with slightly fewer 23% regarding these services as personally valuable.

More worrying is the fact that although consumers agreed that online financial transactions require a strong password, over a quarter (29%) think there is no need to have additional protection for their personal credentials when using these services.

They expect the brands they shop with to provide all the protection they need.

Putting their personal information at even greater risk, a third (33%) of Internet users also admit to freely sharing passwords with family members.

Forty four percent have both shared passwords and left them visible to others. One in ten (11%) share passwords with friends and a surprising 6% with colleagues.

And, with over a third (38%) of consumers using only one email address for all of their needs, sharing that password with others could prove costly.

Should it get into the wrong hands, this password could unlock all information stored on that email address.

?Consumers need to be more cyber-savvy about passwords. Once shared, it is very difficult to know exactly where your password will end up,? said David Emm, principal security researcher at Kaspersky Lab.

?Our research shows that there is a real disconnect between the understanding of why we need strong passwords and the action people take to keep them safe. No one would expect a friend or family member to knowingly divulge a password, but by sharing passwords, consumers are increasing the risk of them falling into the wrong hands.?


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