Advisor.ca | Your password is not safe
More than 90% of user-generated passwords will be vulnerable to hacking in a matter of seconds, according to Deloitte’s Canadian Technology, Media & Telecommunications (TMT) Predictions 2013 report.
“Passwords containing at least eight characters, one number, mixed-case letters and non-alphanumeric symbols were once believed to be robust. But these can be easily cracked with the emergence of advance hardware and software,” says Duncan Stewart, director of research, Deloitte Canada and co-author of TMT Predictions 2013.
“A machine running readily available virtualization software and high-powered graphics processing units can crack any eight-character password in about five hours.”