Crypto investors ranked third in the list of worst passwords

Cryptocurrency password management and storage company Dashlane yesterday released the third edition of its annual “Worst Passwords” list, which placed crypto investors in third place.

The purpose of the humorous rating is to identify the most common mistakes when creating a password made by famous individuals and organizations. This is intended to raise public awareness of best practices for creating and managing passwords.

The average Internet user manages about 200 passwords, according to Dashlane executives. They believe this figure will rise to 400 by 2023. Emmanuel Shalit, CEO of Dashlane, said:

Password is the first line of defense against cyber attacks. Weak passwords, reused passwords, and incompetent password management can easily put sensitive information at risk. The sheer number of password-requiring accounts we each have means that anyone can make the same mistakes as those on our list. We hope this serves as a wake-up call for those who don't think much about protecting their data.

Dashlane recommends three basic precautions. First of all, the company recommends making sure that all user records - including servers, email, applications, etc. - are protected. Having a strong password is often the most effective defense against hackers. 

Further, the company recommends using strong passwords, which will help avoid the risk of simply guessing the password after a basic research of the user's biography. According to employees, passwords should not contain proper names or weak numerical sequences, such as the user's date of birth. All passwords must be longer than 8 characters and contain both numbers and letters.

Finally, the company discourages reusing passwords, which means that each account should be protected by a separate, unique password. 

According to www.ccn.com