Source: Bloomberg
The Problem with Passwords
They're annoying to remember, insecure, and costly for companies
Most-used passwords: 123456, password, 12345678, qwerty, abc123
Time it takes a hacker's computer to randomly guess your password:
Length: 6 characters
Lowercase: 10 minutes
+ Uppercase: 10 hours
+ Nos. & Symbols: 18 days
Length: 7 characters
Lowercase: 4 hours
+ Uppercase: 23 days
+ Nos. & Symbols: 4 years
Length: 8 characters
Lowercase: 4 days
+ Uppercase: 3 years
+ Nos. & Symbols: 463 years
Length: 9 characters
Lowercase: 4 months
+ Uppercase: 178 years
+ Nos. & Symbols: 44,530 years
Average amount it costs a business to field a phone call requesting a password reset: $10
Proportion of help desk calls that are password-related: 30%
Users who choose a common word or simple key combination for a password: 50%
Data: Gartner, Forrester, Duo Security, Imperva, LastBit Software
