A study has shown that more than six in ten UK consumers put their data at risk by using a single password across many different accounts.
62% of UK consumers re-use passwords even though the risks of reusing passwords are well documented - that's according to a poll of over 2,000 people commissioned by mobile identity firm TeleSign.
Steve Jillings chief executive at TeleSign said: "We have seen the impact of the domino effect first hand.
"Following the recent hack of an online retailer's customer database, our security team saw a massive increase in fraudulent activity with email providers."
According to the survey, more than half of users delay or simply ignore password resets because they struggle to remember new passwords. More than half of the respondents said they had experienced an increase in password-reset notifications after various major data leaks this year.
The survey revealed a lack of awareness of online security, with almost a quarter of 18-24 year-olds saying they felt safe online because they hadn't been hacked themselves over the past year.
Steve added: "Passwords are an artefact from a bygone era, and no longer sufficient on their own to keep data secure.
"A significant proportion of these types of incidents can be prevented when providing stronger authentication methods, such as a combination of a mobile phone number, device profile and user behaviour."
Return to internet news headlines
View Internet News Archive