Feeds

Passwords? We don't need no stinking passwords

Some PINs never change

  • alert
  • submit to reddit

Internet Security Threat Report 2014

RSA 2005 Concerns over online security are continuing to slow consumer e-commerce growth. A quarter of the respondents in a recent survey have reduced their online purchases in the past year and 21 per cent refuse to conduct business with their financial institutions online because of security fears. More than half (53 per cent) of the 1,000 consumers quizzed believe that basic passwords fail to provide sufficient protection for sensitive personal information.

According to the RSA Security-sponsored telephone survey, poor management of PINs and passwords for access to online services, desktop computer systems, ATMs and other electronic accounts is a major vulnerability. As a major supplier of two-factor authentication products and services that offer an alternative to traditional static passwords, the issues raised by RSA Security's survey are more than a little self-serving. That doesn't mean its analysis is necessarily wrong, though. More and more security experts are lining up against the use of static passwords for e-banking; in part because the technique makes consumers easy prey for phishers. Even so, obituaries for the humble password may be premature.

Adi Shamir, professor at Israel's Weizmann Institute of Science and noted cryptographer, said: "Passwords are not completely dead. For low level security apps they are still sufficiently good. It depends on the application".

One PIN to rule them all

More than two in three respondents (65 per cent) quizzed in RSA Security's survey use fewer than five passwords for all electronic information access and 15 percent use a single password for everything. These figures are unchanged from a similar survey last year.

John Worrall, VP of worldwide marketing at RSA Security, said: "The majority of consumers are aware of the problems associated with passwords, but until they are presented with a reliable, easy-to-use alternative, they're going to continue to exhibit poor password management practices." ®

Related stories

RSA cosies up to AOL as VeriSign enters token market
Stunned pundit agrees with Gates over passwords
Women are crap with PIN numbers - shock survey
Brits are crap at password security
Passwords are passport to theft

RSA 2005

All the Reg stories from this year's conference

Secure remote control for conventional and virtual desktops

More from The Register

next story
Regin: The super-spyware the security industry has been silent about
NSA fingered as likely source of complex malware family
Why did it take antivirus giants YEARS to drill into super-scary Regin? Symantec responds...
FYI this isn't just going to target Windows, Linux and OS X fans
Privacy bods offer GOV SPY VICTIMS a FREE SPYWARE SNIFFER
Looks for gov malware that evades most antivirus
Home Office: Fancy flogging us some SECRET SPY GEAR?
If you do, tell NOBODY what it's for or how it works
HACKERS can DELETE SURVEILLANCE DVRS remotely – report
Hikvision devices wide open to hacking, claim securobods
'Regin': The 'New Stuxnet' spook-grade SOFTWARE WEAPON described
'A degree of technical competence rarely seen'
Syrian Electronic Army in news site 'hack' POP-UP MAYHEM
Gigya redirect exploit blamed for pop-rageous ploy
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.