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LastPass’ Psychology of Passwords Report Finds People are Still Practicing Poor Password Hygiene While Increasing Their Online Presence

More time online and increased volume of cyberattacks is not translating to safer password practices

New Delhi– LastPass by LogMeIn today released findings of its fourth Psychology of Passwords global report, which revealed that while 92 percent of people know that using the same password or a variation is a risk, 65 percent still re-use passwords across accounts, drastically increasing the risks to their sensitive information. While consumers have a solid understanding of proper password security and the actions necessary to minimize risk, they still pick and choose which information they apply that knowledge to, according to the report.

Strong cybersecurity habits are more important than ever this year, given the sheer volume of time individuals have spent online in the last 18 months and the corresponding spike in cyber-attacks. Yet the survey revealed that despite 71 percent of people working wholly or partly remote and 70 percent spending more time online for personal entertainment during the pandemic, people were still exhibiting poor password behavior.  Most data breaches – a staggering 85 percent – involved a human element through phishing or human error according to the 2021 Data Breach Investigations Report, and the need for password security remains critical as attacks rise.

Key findings from the Psychology of Passwords Report include:

“Our latest report showcases the impact of the COVID-19 pandemic amid the increased time we spent online – which has in turn, increased our vulnerability to potential hackers,” said Dan DeMichele, VP of Product Management for LastPass. “As we continue to grow our online presence, we need more robust protection for our online information. One way to combat this is by investing in a password manager which can be used to store your personal and digital information safely. As a business or IT lead, adding an additional layer of security, including multi-factor authentication or single sign-on options, will help to ensure that your employees are the only ones accessing you’re their information.”

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