A recent survey conducted by an online security platform reveals that news about new fraud schemes is the primary reason for 29% of Russian internet users to change passwords on banking applications.
The study also shows that 24% updated their login information following bank notifications requiring enhanced account protection, while 18% changed passwords after receiving suspicious communications from unknown sources.
Additionally, 16% altered their passwords after purchasing new electronic devices such as smartphones, and approximately 13% updated credentials because they had not done so for a long time.
In terms of password management practices, the survey indicates that 38% use separate passwords for each financial service. Another 34% reuse passwords across multiple banking applications but create unique combinations for email services.
Only 18% of participants employ the same password for nearly all online services, while 10% rely on automated systems to generate and store passwords.
Regarding security features, 37% of Russians use 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% refused it due to inconvenience.
