How easily could you guess your partner’s passwords? | Prove in The New York Post
Valentine’s Day is usually a time for roses and chocolate, but it might also be a good time to change your passwords. As cited in The New York Post, a survey of 2,000 consumers conducted by Prove and OnePoll found that respondents said they felt they could hack their significant other’s devices in just five attempts. Not very romantic.
The data, which is included in Prove’s 2022 Passwords & Authentication Consumer Trends Report, highlights some of the major issues consumers have with passwords:
- 62% of U.S. consumers said they’d abandon trying to log into an account after just three failed password attempts
- 51% would switch brands as a result of slow identity verification
- 34% would switch providers completely if they’re unable to log into their account easily
- 45% believe it should take less than 30 seconds to create a new online account
- 64% said that authenticating their identity through their phone is more convenient than using a password
Read the full New York Post article here and download Prove’s 2022 Passwords & Authentication Consumer Trends Report here.
Keep reading
Read the article: Prove Launches Unified Authentication Solution with Passive, Persistent Customer RecognitionNew solution delivers measurable ROI by replacing SMS OTPs and mitigating SIM swap fraud – cutting costs, reducing abandonment, and enabling seamless customer experiences across channels.
Read the article: A Watershed Moment for Digital Banking: FDIC's New Stance on Pre-Filled Data Paves the Way for a Safer, Faster FutureIn this blog, we detail how the FDIC's new guidance, influenced by Prove's advocacy, allows banks to use pre-filled customer data for CIP. This change, empowering solutions like Prove Pre-fill®, significantly reduces friction, enhances security, and improves financial inclusion in digital banking by streamlining account opening and combating fraud.
Read the article: The Anatomy of a Systemic Failure: The U.S. Banking System as a Conduit for Transnational CrimeThe U.S. banking system is a conduit for transnational crime, with systemic failures in identity verification and a lack of oversight, enabling fraud and money laundering. Read Prove’s call to action for the financial industry.
