Your passwords are the most common way to prove your identity when using Online Banking. The use of strong passwords is therefore important to protect your security and identity. The best security in the world cannot protect against a malicious person using a legitimate username and password.
Why are strong passwords important? Strong passwords are needed because they are difficult to hack even by the most powerful password-cracking software available. Consider this:
- A 6-character password with only letters has 308,915,776 possible combinations.
- An 8-character password with only letters has 208,827,064,576 possible combinations.
- An 8-character password with letters (upper and lower case) and includes numbers and symbols has 6,095,689,385,410,816 possible combinations.
Use a variety of characters and make your password at least eight characters long to create a strong password and protect your account.