78% of individuals reuse the same password for different accounts

A recent report by Forbes Advisor has unveiled the latest password security trends based on a survey of 2,000 individuals. Some key trends highlighted in the report are the prevalence of password reuse and frequent password changes in response to security breaches. The report also noted other password trends, including:

• 78% of people use the same password for multiple accounts, with 52% using it for at least three accounts, and 4% using it for at least 11 accounts.
• 30% of individuals utilize password managers.
• 22% of Americans do not implement any safety measures to protect their passwords.

Additionally, the report identified specific accounts that are most susceptible to password hacking:

• Social media accounts (29%)
• Email accounts (15%)
• Home Wi-Fi (9%)
• Shopping accounts (8%)
• Streaming platforms (7%)

Survey respondents cited weak passwords (35%) as the most common reason for password hacking, followed by password reuse (30%), company data breaches (27%), and phishing attacks (21%). 17% admitted they were unsure how their passwords were compromised.