The Risks of Weak Passwords and Identity Theft

Imagine waking up to an empty bank account and stolen identity all because of one weak password, And 94% of us are at risk. A cyber news study found that out of 19 billion leaked passwords last year, only 6% were unique.

Think about it. Would you use the same key for your house, car, office, and bank vault?

No, right?
But online, millions still reuse 1, 2, 3, 4, password, admin, and other easy-to-guess passcodes. That's because our brains are wired to take shortcuts and we want to pick passwords that are easy for us to remember. Psychologists call us cognitive misers.

So when juggling multiple accounts, we default to simple passwords. A psychology of passwords report found 89% of people know reusing passwords is risky, yet only 12% use unique ones. Hackers know this too, which makes us easy targets. And in today's digital world, the risks are massive: identity theft, financial loss, and emotional stress.

So what are your Choices?

Here's what you can do. Use a trusted password manager, turn on multi-factor authentication, and avoid using names, common words, or predictable patterns like ABCD. For example there are hardware password managers which stores your passwords offline and you may access them easily while all your passwords being out of the Internet.