Four Reasons You Need to Change a Password

(Video Transcript)

  1. It’s been a year since you last updated your password.
    • 11% of consumers have never changed their passwords.
  2. You have been notified of a compromise with your credit/debit card.
    • 1 in 5 Americans have experience an online account compromise.
  3. Your password is not complex – it doesn’t include numbers, symbols, capital letters or isn’t more than 12 characters.
    • 38% of consumers report using a “somewhat complex” password.
  4. You use the same password for multiple accounts.
    • Between 31% and 55% of people use the same password on multiple sites.

Regularly updating your passwords helps:

  • Make it harder for fraudsters to hack into your accounts.
  • Protect your personal information.
  • Maintain your bank account security.

Learn more about financial security at Education.BankersTrust.com.