Weak Bank Password Policies Leave 350 Million Vulnerable, Say Researchers

  • 3 March 2016
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by Tom Spring March 3, 2016
 
                                            



Should passwords that protect your financial data be less secure than the ones used to lock up selfies, cat videos and tweets swapped on social networks?

In a study that looked at the password strength required to access website account for Wells Fargo, Capital One and 15 other banks, researchers found that 35 percent had significant weaknesses in their password policies, according to University of New Haven Cyber Forensic Research and Education Group.

“We couldn’t believe that the passwords people rely on to protect their financial crown jewels were less secure than those required to lockdown social media accounts like Twitter,” said Frank Breitinger, assistant professor and cyber security expert at the University of New Haven, in an interview with
Threatpost.
 
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