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If you’ve ever used simplistic passwords like “123456” or “password” to protect your online accounts, then chances are that your password has been stolen at some point. In the age of IoT devices and gadgets, it’s a shame that people still rely on such insecure methods of protection.

Hackers can easily access data that doesn’t belong to them when people use poor password practices. Not only is this a massive security risk, but it can also lead to financial loss and identity theft. To protect yourself and your data, it’s important to use strong passwords that are difficult to guess.

In addition, you should never use the same password for multiple accounts and make sure to change your passwords regularly. By following these simple steps, you can help keep your data safe from hackers.

General Password Statistics and Facts

The most common password length is 8 characters.
On average, people use 38.4 different passwords to protect their various online accounts.
This password is used on average for 5 separate accounts.
30 percent of smartphone owners don’t lock their devices because they don’t like entering a password.
In comparison to 6-character passwords, 12-character passwords are 62 trillion times more secure.
73% of people reset their passwords at least once every 90 days because they forget them.
As many as three out of every four people find password management tedious and frustrating.

Password Hacking Statistics

90% of users worry that their passwords can be hacked at any time.
Hackers can crack a 6-character password in just 10 minutes.
Password hacking is responsible for 80% of account breaches.
Many people have been compromised because they used the same password on multiple sites.
More than half of those whose passwords have been compromised do not change them.
An online phishing scam has resulted in the loss of money for nearly half of all Americans.
27% of people have admitted to trying to guess a password in order to gain access to another person’s account.

Password Security Statistics

51% of people use the same password for all of their accounts, whether they’re personal or professional.
More than 60% of people do not change their passwords on a regular basis.
43 percent of people in the United States share their passwords with friends and family (more than half share them with their partners).
Most common password security issues can be prevented with two-factor (or multi-factor) authentication.
As many as one-third of Americans use the same password to log into multiple online accounts.
Employees use the same password an average of 13 times each at their place of work.
An overwhelming 93% of respondents state that their most important concern is the security of their banking and financial information.

Business Password Statistics

Multi-factor authentication is only required by 15% of businesses.
Almost 70% of employees have divulged a personal password to a co-worker.
Sticky notes are used by 42% of employees to remember their passwords.
Fifty-five percent of companies allow employees to work from home using their personal cell phones.
A whopping 37% of employers include their company name in their password in some way.

Interesting Password Statistics and Facts

In the United States, nearly 14% of people use a default password, such as “password”, “123456” or the Qwerty Keyboard.
The password “123456” is used by more than 23 million people across a variety of different online accounts.
53% of people don’t use a password manager at all, preferring to rely on their memory alone to store their login credentials.
“Eva” and “Alex” are two of the most frequently used names as passwords.
Passwords containing food or beverage products account for 1.9 percent of all passwords.
When creating a password, 15% of people include their first name in the mix.

CONCLUSION:

Choosing or reusing an easy password may be convenient, but it exposes you to hackers and scammers. However, if you use a strong password and two-factor authentication (MFA), you won’t have to stress about your account being compromised.

Sources

  • Hosting Tribunal
  • Data Prot 
  • Business Wire 
  • Schneider Downs 
  • Secure Frame
  • Panda Security

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