A report (PDF)
into the security of banking internet systems has found that one of the biggest
problems faced is the reuse of login passwords by customers.
Online security firm Trusteer monitored over four million computers for a
year and found that 73 per cent of internet banking customers used the same
password for their online banking services as they did for other, less secure
“Using stolen credentials remains the easiest way for criminals to bypass the
security measures implemented by banks to protect their online applications, so
we wanted to see how often users repurpose their financial service usernames and
passwords,” said Amit Klein, chief technical officer of Trusteer and head of the
company’s research organization.