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Banks failing with password management, but why?

28
Mar
2016
Banks failing with password management, but why?

passwordz

A recent study shows some terrifying results: banks in the U.S. often have less secure password policies in place than do social media websites. Specifically, the study found that 35 percent of the test group appear to have a significant weakness in their password policies used by their customers to access their accounts and manage their money.

The list of banks mentioned are highly known and possess assets in the billions of dollars, meaning they are not small organizations with budgets lacking the ability to create or enforce much stronger policies or the use of technology to secure user accounts.

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