How secure are the passwords you use to access your banking or investment data? A recent article in Forbes magazine surveyed security company SplashData’s password dumps, looking for the world’s most common—and, therefore, easiest to guess—passwords. This is a big problem; SplashData estimates that just over 10% of people use at least one of the 25 most common passwords. Guess which words hackers and cyberthieves are going to guess first when they try to hack into the account that contains your banking information?
The most common password, as you might have guessed, is 123456, which also happened to be the most common in 2014 and 2015. Other popular passwords were 1234, 12345, 1234567, 12345678, 1234567890. Also, for some reason, 121212 became popular in 2016.
The list also includes the old standby “password,” and “password1” (selected by people who discover that somebody else is using “password” so they can’t use it). Others on the most common list include “querty,” “login,” “welcome,” and “admin.” Among the old favorites, SplashData lists “football,” “princess,” “solo,” “abc123,” “dragon” and “master.”
New words making the top 25 this year include “hottie,” “loveme,” “sunshine,” and “flower.”
If you use any of these words, you might want to make a change now, before a hacker decides to route some of your money to an undisclosed offshore location.
About the Author: Bob Veres has been a commentator, author and consultant in the financial services industry for more than 20 years. Over his 20-year career in the financial services world, Mr. Veres has worked as editor of Financial Planning magazine; as a contributing editor to the Journal of Financial Planning; as a columnist and editor-at-large of Dow Jones Investment Advisor magazine; and as editor of Morningstar’s advisor web site: MorningstarAdvisor.com.
Mr. Veres has been named one of the most influential people in the financial planning profession by Investment Advisor magazine and Financial Planning magazine, was granted the NAPFA Special Achievement Award by the National Association of Personal Financial Advisors, and most recently the Heart of Financial Planning Distinguished Service Award from the Denver-based Financial Planning Association.
Photographer: Craig Warga/Bloomberg For the sixth year in a row, password management security company SplashData has scraped password dumps and scoured through the data to find the world’s most common passwords. This year’s compilation was drawn from over 5 million leaked emails. The passwords were mostly held by users in North America and Western Europe.