546: The LastPass Psychology of Passwords Report

LastPass by LogMeIn, recently released findings of a new global survey, “Psychology of Passwords: Neglect is Helping Hackers Win,” revealing that despite today’s increased threat landscape and heightened global awareness of hacking and data breaches, password behaviors remain largely unchanged.

Data from the survey shows that 91 percent of people know that using the same password for multiple accounts is a security risk, yet 59 percent continue to use the same password. As a result, individuals’ behavior in creating, changing and managing passwords in both their professional and personal lives is slow to match the rapid evolution of cybersecurity threats.

“The cyber threats facing consumers and businesses are becoming more targeted and successful, yet there remains a clear disconnect in users’ password beliefs and their willingness to take action,” said Sandor Palfy, Chief Technology Officer of Identity and Access Management at LogMeIn.

“Individuals seem to understand password best practices, but often exhibit password behaviors that can expose their information to threat actors. Taking a few simple steps to improve how you manage passwords can lead to increased safety for online accounts whether personal or professional.” 

I invited Sandor Palfy onto the show to find out more and how we can protect ourselves against AI-powered security threats.