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CUNA Research Reports

CU Snapshot

 Aug '17Jul '17
# of CUs5,708 5,893
Members
(millions)
112.7112.2
Total Assets
($ billions)
$1,372.1$1,383.7
Total Savings
($ billions)
$1,158.6$1,165
Net Cap.
Assets
10.8%10.7%
Loans to Savings82.3%81.5%
Loan Delinq.0.8%0.7%

         Credit Union Indicators

Are Your Members Too Cavalier With Passwords?

Nearly half of Internet users admit bad security habits.

Consumers continue to play it far too fast and loose with their passwords.

Nearly half of Internet users admit sharing passwords with others, or leaving passwords in the open for others to see, according to a Kaspersky Lab survey.

More specifically, 33% of consumers share passwords with family members, more than 10% share passwords with friends, and 6% share them with colleagues.

Additionally, 44% both share passwords and leave them visible to others.

"Consumers need to be more cyber-savvy about passwords," says David Emm, principal researcher at Kaspersky Lab. "Once shared, it's very difficult to know exactly where your password will end up. Our research shows there is a real disconnect between the understanding of why we need strong passwords and the action people take to keep them safe."

Emm adds that while no one expects friends or family to knowingly reveal a password, sharing the passwords nonetheless heightens the risk that they'll fall into the wrong hands.

"This could give cybercriminals easy access to personal and financial information, and hacked accounts can be used to distribute malicious links and files, harming others," Emm adds. "At worst, entire identities could be put at risk."

Additional findings from the report:

(Via news.cuna.org)