New research from IBM Security has found that people value security more than convenience when it comes to managing their digital lives today, but "password hygiene" — the habit of using unique, complex passwords to protect each of those accounts — is still relatively lax among millennials.

According to the study, which surveyed about 4,000 adults in the United States, the E.U. and Asia-Pacific regions in October and November, 75% of millennials said they're comfortable using biometric authentication, compared to just 58% of those 55 and older. But just 42% of millennials use complex passwords, compared to 49% for the 55-and-over set, and they maintain fewer unique passwords.

"Older adults displayed better habits when it came to password creation, yet younger generations were more inclined to adopt password managers, biometrics and multifactor authentication as a way to secure their online accounts. This could be an indication that younger generations have less confidence in passwords and are instead looking to alternative methods to secure their accounts," the study noted. 

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.