Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  Billing 



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Thursday April 22, 03:30
Password Insecurity Could Fuel UK's Identity Theft

Over 79 per cent of individuals in the UK are prepared to give away some personal details in the street that might allow a criminal to steal their identity, according to a recent survey by RSA Security. Important personal details such as a mother’s maiden name, or a date of birth, was readily obtained by researchers, which is worrying as web sites often use this information for security checks. Two-thirds of respondents also used the same password across the average of 20 web sites at which they had registered, which RSA interprets as a “huge disparity between the perceived risk of physical and online identity theft”.

With 11 million UK bank customers now using online accounts, and a massive proportion storing access passwords in their wallets, RSA is warning of a rise in identity theft as criminals thwarted by the security of EMV payments seek ‘softer’ targets. Unless UK consumers take responsibility for the security of their passwords, Britain’s current losses to identity theft will increase, said Tony Neate, of the National Hi-Tech Crime Unit. Infosecurity Europe also ran a recent survey in which 34 per cent of respondents volunteered their PC password without having to be bribed, with a further 34 per cent revealing it when probed.

UK consumers use an average of 4 passwords each, and over 70 per cent responding to the Infosecurity Europe survey, would reveal their computer password in exchange for a bar of chocolate. Up to 80 per cent of office workers are fed up with passwords, however, and 92 per cent would prefer to use tokens or biometric authentication to access their PCs, the Infosecurity researchers found. For access to online banking services, 86 per cent said biometric or token-based authentication would increase their confidence both in terms of secure access, and the security of their personal information.

Silicon.com

All billing news
 


   KEYWORD SEARCH

KEYWORDS:

   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.