Boomers are the least likely to reuse passwords (20%), while Millennials are more than twice as likely to reuse passwords (47%) across their accounts according to Yubico’s 2023 survey conducted by OnePoll.
Key findings:
The survey of 2,000 consumers found that 80% of survey respondents are concerned about the cybersecurity of their online accounts. However, 39% use the same passwords for multiple accounts.
Moreover, around 37% of Millennials save their credit card information in their online accounts, while only 19% of Boomers do.
Almost half (49%) of respondents stated that they do not use Multi-Factor Authentication (MFA), don’t know what it is, or are not sure if they turn it on. Boomers reported having better cybersecurity hygiene, however, 71% of them report that they do not use MFA, don’t know what it is, or are not sure if they have it turned on. More than half of Millennials (52%) say they do not or are not sure if they have MFA turned on for their active online accounts.
"While it is technically easy for retailers to implement basic username and password authentication for their customers, these types of credentials alone are easy for attackers to circumvent, allowing unauthorised access to online accounts," said Ben Eichorst, director of infrastructure security at Yubico. "