Passwords? We don't need no stinking passwords

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The Register
Biting the hand that feeds IT
The Register =BB Security =BB Network Security =BB

<http://www.theregister.co.uk/2005/02/16/rsa_consumer_survey/print.html>

Original URL: http://www.theregister.co.uk/2005/02/16/rsa_consumer_survey/

Passwords? We don't need no stinking passwords
By John Leyden (john.leyden at theregister.co.uk)
Published Wednesday 16th February 2005 01:41 GMT

RSA 2005 Concerns over online security are continuing to slow consumer
e-commerce growth. A quarter of the respondents in a recent survey have
reduced their online purchases in the past year and 21 per cent refuse to
conduct business with their financial institutions online because of
security fears. More than half (53 per cent) of the 1,000 consumers quizzed
believe that basic passwords fail to provide sufficient protection for
sensitive personal information.

According to the RSA Security-sponsored telephone survey, poor management
of PINs and passwords for access to online services, desktop computer
systems, ATMs and other electronic accounts is a major vulnerability. As a
major supplier of two-factor authentication products and services that
offer an alternative to traditional static passwords, the issues raised by
RSA Security's survey are more than a little self-serving. That doesn't
mean its analysis is necessarily wrong, though. More and more security
experts are lining up against the use of static passwords for e-banking; in
part because the technique makes consumers easy prey for phishers. Even so,
obituaries for the humble password may be premature.

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