Around 64% of Passwords Are Recycled Which Might Create a Major Security Threat

One of the most basic online security tips that people are given is that they should never use the same password for more than one service. This is something that can prevent hackers from accessing all of your accounts just by obtaining log in details for one of them, but unfortunately a high number of users tend to use the same password for multiple services with all things having been considered and taken into account.

Most consumers these days have a huge number of accounts, with some estimates suggesting that they would need over a hundred passwords if each of these accounts need a unique one. With all of that having been said and now out of the way, it is important to note that according Spycloud’s recent report, there has been a 15% increase in exposed credentials which have affected over 750 different services across the internet.

What’s more is that 70% of users that suffered a breach last year were still using the same password that was stolen in the year prior. This seems to suggest that consumers are not learning from their mistakes which is risky because of the fact that this is the sort of thing that could potentially end up making their accounts difficult to properly secure.

82% of the people that had two or more credentials stolen through hacking or other illicit means had the same password for said credentials, and that obviously made them more likely to have their accounts hacked because malicious actors could log in with the information that they already managed to acquire.

Using a password manager can be a great way to protect yourself from having your account details exposed for the whole world to see, and with so many passwords it has become a mandatory aspect of online security. However, only 22% of consumers use these password managers with the rest preferring to remember them in their heads. This is obviously not an effective way to keep your accounts safe because it’s impossible to remember so many passwords without a secure place to store them.

Read next: Default Credentials Are Making Automated Cyber Attacks A Lot More Frequent
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