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2018 Cryptocurrency Exchange Password Power Rankings™
NEW YORK, March 22, 2018 /PRNewswire/ -- Dashlane, one of the world's most trusted digital security companies, announces the results of its first annual Cryptocurrency Exchange Password Power Rankings™. The rankings, which examined password and account security on 35 of the world's most popular cryptocurrency exchanges, found that over 70% leave their users' accounts perilously exposed to financial theft due to unsafe password practices. Dashlane researchers tested each exchange on five critical password and account security criteria. A site received a point for each criterion they met, for a maximum and passing score of 5/5. Any score below 5 was considered failing and not meeting the minimum threshold for good password security. "Signing up for a cryptocurrency exchange is akin to signing up for a bank account," states Emmanuel Schalit, CEO at Dashlane. "With your bank account, credit cards, bitcoin, and other digital assets potentially stored on the exchange, it's critical that your account is locked down on the security front. The fact that most exchanges allow their users to create incredibly weak passwords should serve as a wake-up call to the entire industry." For more information, including the full data set, go to: https://blog.dashlane.com/cryptocurrency-exchange-password-power-rankings-2018 2018 Rankings
Critical Security Lapses 1. Dangerous Password Requirements: A staggering 43% of exchanges let users create accunts using passwords with seven or fewer characters, and 34% do not require alphanumeric passwords. Dashlane's testers were repeatedly able to create accounts with weak passwords, such as "12345" and "password," and in one case, using just the letter "a." Additionally, Dashlane found that less than 50% of exchanges provided users with password strength assessment tools during the account creation process. 2. Substandard Security: When compared to results of Dashlane's 2017 rankings of leading consumer websites, the cryptocurrency exchanges performed poorly. In the consumer rankings, which examined sites such as Apple, Facebook, and PayPal, only 36% received a failing score. That is in stark contrast to the 71% of cryptocurrency exchanges that failed Dashlane 2018's examination. For an industry that prides itself in its cybersecurity innovations, cryptocurrency exchanges are much weaker when it comes to password security than the average mainstream website. Cryptocurrency Security Best Practices For cryptocurrency and all digital accounts, these are a few easy actions that everyone should take to improve their own online security:
Methodology 1. 8+ Character Password
2. Alphanumeric
3. Password Strength Assessment
4. Account Creation Email
5. 2-Factor Authentication
About Dashlane With so many devices, the line between home and work no longer exists. Thankfully, Dashlane works everywhere, for everyone. The company has helped 9.5 million consumers manage and secure their digital identity and enabled over $13 billion in e-commerce transactions. Dashlane Business is trusted by 7,000+ companies to create, enforce, and track effective access management, and features the only patented security architecture in the industry. The Dashlane app is available on PC, Mac, Android, and iOS and has won critical acclaim by top publications including The Wall Street Journal, The New York Times, and USA Today. Dashlane is free to use on your favorite device for life and costs $39.99/year to sync between an unlimited number of devices. Dashlane was founded by Bernard Liautaud and co-founders Alexis Fogel, Guillaume Maron, and Jean Guillou. The company has offices in New York City and Paris and has received $52.5 million in funding from TransUnion, Rho Ventures, FirstMark Capital, and Bessemer Venture Partners. Learn more at Dashlane.com. View original content with multimedia:http://www.prnewswire.com/news-releases/2018-cryptocurrency-exchange-password-power-rankings-300617540.html SOURCE Dashlane |