FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Using Social Media Passwords With Critical Accounts

Identity Theft Speaker Robert SicilianobyIdentity Theft Speaker Robert Siciliano
November 28, 2010
in Archive
Reading Time: 2 mins read
0
Share on Facebook

Last year, 32 million passwords were posted online after a data breach at RockYou, a company that creates applications for social networking sites. The breach revealed the weakness of most people’s social networking passwords.

InformationWeek reports, “All the major sites–Facebook, MySpace, Twitter, LinkedIn–have the same minimum password length of six characters. And password complexity checks are few and far between. Facebook and LinkedIn have no complexity checks. For MySpace, some complexity checking is enabled; however, users can enter a password of ‘123456.’ Twitter has a basic complexity check based on a static word list that’s viewable through the HTML source of the login page. You can’t use ‘password1,’ but ‘1password’ is OK.”

Of the 32 million people whose passwords were exposed, almost 1% had chosen “123456.” The next most popular password was “12345.” “Princess,” “qwerty,” and “abc123” were other common choices.

In another instance, phishers posted thousands of Hotmail addresses and the associated passwords in an online forum. These passwords were equally obvious. Those used most frequently included “111111,” “123456,” “1234567,” “12345678,” and “123456789.” Many of the phishing victims used people’s first names as passwords, most likely the names of their kids, spouses, and so on. 60% of the exposed passwords contained either all numbers or all lowercase letters.

Naturally, anyone using an insecure password is far more likely to be hacked. It is crucial to have strong, secure passwords for all online accounts, including social media accounts. And it is equally important to use different passwords for different accounts. Using the same password for social media sites as for critical accounts, like webmail and online banking, is an invitation for identity theft.

To protect your identity, observe basic security precautions. Consumers should also consider an identity theft protection product that offers daily credit monitoring, proactive identity surveillance, lost wallet protection, and alerts when suspicious account activity is detected. McAfee Identity Protection includes all these features, plus live help from fraud resolution agents if your identity is ever compromised. For more tips on protecting yourself, please visit www.counteridentitytheft.com.

Robert Siciliano is a McAfee consultant and identity theft expert. See him

discuss hacked email passwords on Fox News. (Disclosures)

Previous Post

Americans Waking Up to Social Media Privacy

Next Post

Is an innovation structure at all necessary?

Related Posts

(Courtesy/Bank Automation News)
Archive

Lama AI wins fintech demo challenge at BAS

March 4, 2025
Courtesy/Grasshopper Bank
Archive

Grasshopper Director of Engineering & Platforms Andrew Braun to speak at Bank Automation Summit 2025

February 12, 2025
Courtesy/Canva
Archive

Q&A with LemonadeLXP CEO John Findlay on AI-driven knowledge management, training

January 9, 2025
Next Post

Is an innovation structure at all necessary?

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account