Tuesday, October 16, 2007

Single password for online accounts are more risk

Those who use the same password for online accounts viz. email, e-banking, shopping accounts, are more at risk from online fraud or identity theft. The popularity of social networking sites such as Orkut, Facebook, etc are making life easier for online criminals.

A new survey by computer security firm McAfee, has 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.

Most users post personal details commonly used as passwords on their pages, such as their educational history, names of pets and favorite football team, wife name, children name, favorite hero,etc are common sources for a password.

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)

In India, online crimes are increasing tremendously because of the popularity of social networking sites and poor awareness of security measures.

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