Over 70 percent of the leading cryptocurrency exchanges allow users to create accounts with weak passwords, a new study reveals. This leaves them exposed to financial theft due to unsafe password practices, the authors say. Less than half of the surveyed trading platforms provide password strength assessment tools.
“12345” and “Password”
Some of the most popular crypto exchangesallow customers to use dangerously weak passwords, a new research has found. 43 percent of the platforms let users create accounts choosing passwords with fewer than 8 characters. 34 percent do not require alphanumeric passwords at all, the study reveals. In many cases testers were able to set up accounts with passwords using simple number combinations like “12345” and even words like “password”.
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