People with single password for online accounts more at risk of fraud

November 14th, 2007 - 1:48 am ICT by admin  
The survey revealed that as many as 16 percent of people used the same password for online accounts, while a whopping 41 per cent never changed their passwords.

Obvious passwords put nearly one in five computer users at risk from online fraud or identity theft, the survey said.

The survey comes amid warnings from security experts that the popularity of social networking sites such as Facebook is making life easier for online criminals.

Most users post personal details commonly used as passwords on their pages, such as their educational history, names of pets and favourite football team, common sources for a password.

Mathew Bevan, a former hacker, said the survey is worrying, as it proves how slack people really are.

According to a report by the Daily Telegraph, online banking fraud rose by 44 per cent last year to 33.5 million pounds in the UK, while Internet shopping fraud amounted to 155 million pounds. (ANI)

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