Retailers must beef up password security

Easily-guessed passwords or weak passwords on payment systems is one of the leading methods criminals use to steal valuable credit and debit card information from businesses, yet many retailers are ignoring this security risk.

According to an annual security report issued by Trustwave, "Password1" is still the most common password used by global businesses. And, out of three million user passwords analyzed, 50 percent of companies are using the bare minimum.

However, companies that take the time to create complex passwords minimize the time it takes for a successful brute force attack from 0.077 seconds to 344,000 years. Story