1 in 4 people struggle with password overload. Here’s the answer
13/05/2024 by
First Contact
Experiencing password overload? You’re not alone, as one in four individuals also find it challenging to manage multiple passwords. The issue extends beyond the number of passwords; weak passwords or reusing them across several accounts can pose significant security risks. A study showed that people often use the same password for five different accounts, and ‘123456’ is still a popular choice, appearing in 23 million breached accounts. This lax behavior can inadvertently aid cybercriminals, who are already skilled at cracking passwords. A projected $434 billion loss to online payment fraud globally between 2024 and 2027 is linked to stolen login details, with 90% of data leaks attributed to this issue. The solution lies in password managers. These tools generate and store complex, unique passwords for each account, reducing security risks and streamlining your digital life with one-click logins and autofill features. If you’re interested in learning about our recommended password manager, feel free to reach out.