Security News > 2021 > March > Report finds requiring customers to use passwords is bad for business
2021-03-30 10:00
While it will not come as shock to anyone, a new report finds that people still hate passwords.
That's the conclusion of the Impact of Passwords on Your Business report from Transmit Security, an identity management company.
"Many organizations are losing millions in potential revenue simply because customers can't remember their passwords," the report said.
Another issue highlighted by the report was poor password security practices.
Over half of the survey respondents have shared at least one password, while 41% say they share passwords often.
"Since many users have dozens of online accounts they rarely update their passwords," the report said.