cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Cyber Security

Storing financial passwords in smartphones is risky but people still do it: Report

IANS by IANS
April 12, 2023
Cloud Security and Digital Transformation, the Top Priority for Enterprises as Pandemic Drags On

Image Credit: Pixabay

About 17 per cent of Indians store important financial passwords (bank, ATM/ debit/credit card) in their smartphone contact list or mobile notes, a report said on Wednesday.

While 30 per cent said they share important financial passwords with family members and staff, etc, 8 per cent said they store sensitive information in mobile phone notes while 9 per cent in the mobile contact list, according to the report by online community platform LocalCircles.

According to the report, 24 per cent of the respondents shared that mobile phones have been their preferred choice whether as notes, in the contact list, in password app or another place in the device.

Only 14 per cent stated that they “have them memorised” while 18 per cent have such details stored “on my computer/laptop” and 39 per cent have such important personal data stored in “another place/way”.

A whopping 88 per cent of those surveyed said they have shared their Aadhaar card for various applications, proofs and bookings, etc.

“With databases that can be joined easily and reports indicating that AI can crack over 50 per cent passwords in under one minute, the average Indian is likely to be increasingly vulnerable,” the findings showed.

ADVERTISEMENT

The mobile notes are also not secure and do not have a password on them to secure them making users vulnerable.

Some people use easy-to-remember passwords, while others have one complex password for all their accounts.

“Neither option is recommended since it becomes easy for identity thieves and other criminals to steal your credentials,” the report said.

Some service providers recommend using a password manager software that helps users create strong passwords, store them in a digital vault protected by a single master password, and then retrieve them as needed when logging into accounts.

This option may not be feasible or attractive for a large majority as it involves payment of monthly fees.

IANS

IANS

For any query, [email protected]

Related Posts

Exabeam
Cyber Security

Exabeam Enhances Security Operations with Google Cloud Integration to Combat Insider Threats from AI Agents

September 10, 2025
cybersecurity
Cyber Security

Cybersecurity & IT in 2025: AI Arms Race, Passwordless Future, and a $1 Billion Security Push

August 13, 2025
Quick Heal Tamil Nadu
Cyber Security

Quick Heal Launches Internet Security Essentials in Tamil Nadu to Enhance Online Safety with AI-Powered Protection

August 7, 2025
Cyber Security

Rubrik and Sophos Join Forces to Enhance Microsoft 365 Protection with New Backup and Recovery Service

August 6, 2025
Palo Alto CyberArk
Cyber Security

Palo Alto Networks to Acquire CyberArk for $25 Billion, Strengthening Identity Security and Cyber Defense

July 31, 2025
Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
Quantum Computing Cybersecurity
Cyber Security

Why Quantum Computing is a Serious Cybersecurity Threat for Organizations

July 10, 2025
Load More
ADVERTISEMENT

Latest Updates

Ask Ralph

Ralph Lauren Unveils ‘Ask Ralph’, A New AI-Powered Shopping Experience for Style Inspiration

by Deepa Sharma
15 hours ago

Exabeam

Exabeam Enhances Security Operations with Google Cloud Integration to Combat Insider Threats from AI Agents

by Deepa Sharma
17 hours ago

TCS CEA

TCS Partners with CEA to Innovate Physical AI Technologies

by Deepa Sharma
18 hours ago

India’s Largest TATA.ev MegaCharger Hub Inaugurated at Mumbai Airport on World EV Day

by Deepa Sharma
1 day ago

PwC India Unveils Navigate Tax Hub, A Tax Management Platform with AI Technology

by Arshi Khan
2 days ago

Qualcomm and Google Cloud

Qualcomm and Google Cloud Join Forces to Bring Agentic AI Experiences to the Auto Industry

by Deepa Sharma
2 days ago

Expert Views

Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Tokenization
Interview

Revolutionizing Finance: An Exclusive Interview with Sid Ugrankar, Co-founder of Qila.io on the Future of Blockchain and Tokenization

-
Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved