Securing your passwords online

We spend a lot of time online and don’t often think about the risks involved. Yet if we are not careful, we can make ourselves vulnerable to criminal activity such as hacking, phishing, and identity theft.

The annual Cyber Threat Report announced in 2023 a 23% year-on-year increase in cybercrimes in Australia, amounting to a cybercrime reported every six minutes.i And according to the recent Cybercrime in Australia report also published in 2023, 47% of survey respondents experienced at least one cybercrime that year, with half of all victims experiencing more than one instance.ii

One of the simplest ways to protect yourself online is to ensure you have secure login credentials and to update your passwords regularly. So, if you haven’t updated your passwords for some time, below are some tips to ensuring stay secure online.

Stronger password security

Vary your passwords

The most common vulnerability is passwords. We have passwords for many things we do online, protecting our bank accounts, inboxes, and social media accounts to name just a few.

With the need for so many passwords, it’s easy to see why we often become complacent and choose the same one for multiple accounts. A 2019 Google/Harris Poll study found that 52% of respondents use the same password for multiple accounts and 13% reuse the same password for all their accounts.iii Not only does this put your accounts at risk of being compromised, using the same password can lead to hackers utilising your credentials as a way of identifying as you.

Get creative

It’s no surprise that the most common passwords are 123456 and admin– they are easy to remember, however they are also easy for anyone to guess.iv

Choose a password that’s at least 12 characters long with a mix of uppercase and lowercase letters, numbers, and symbols. Some sites will need you to do this when you sign up, and it is good practice even when not required. Avoid using easily guessed information like birthdays, names, or common words (such as user or password).

Password management

Remembering your passwords, especially those which are a unique combination of letters and numbers, can be tricky. Use a centralised password management system to record passwords. There are many to choose from so look out for ones that are encrypted with a strong algorithm to prevent hacking.

Use 2-step verification

Another way to strengthen online security is to use 2-step verification. This adds additional security by asking you for further details, such as a number sent to you as a text message or email, or using an authenticator application to verify your identity when you log-in.

More ways to keep safe online

Using anti-virus software is wise as it’s designed to provide protection against the latest viruses and other types of malware. It updates automatically so you don’t need to worry as much about having to be on top of the latest cyber threats. It’s also worthwhile backing up any important data.

Not all our interactions online are protected, so be sure to use secure networks and be careful about public Wi-Fi, such as the one you might use in a café, airport, or library. Public Wi-Fi is convenient, however if you are using websites that aren’t encrypted, this information is at risk. Look out for the lock symbol near your browser’s location field and check that the site address starts with ‘https’ rather than ‘http’ to be on the safe side.

Lastly, it’s the simplest solution but one that bears mentioning – keep your personal information private. Don’t share your log-in information unless absolutely necessary and don’t display your passwords somewhere that’s easy to find (such as a label on your phone or laptop).

These preventative measures can help you stay safe online and away from the risks of cybercrime.

Common passwords in Australia

1. Banned — 2 minutes to crack

2. 123456 — less than a second to crack

3. Admin — less than a second to crack

4. password — less than a second to crack

5. qwerty123 — less than a second to crack

6. 12qwasZX — less than a second to crack

7. Starwars29 — 3 seconds to crack

8. welcome11 — 2 seconds to crack

i https://www.minister.defence.gov.au/media-releases/2023-11-15/release-annual-cyber-threat-report-2022-23
ii https://www.aic.gov.au/publications/sr/sr43
iii https://services.google.com/fh/files/blogs/google_security_infographic.pdf
iv https://nordpass.com/most-common-passwords-list/

Important: This provides general information and hasn’t taken your circumstances into account. It’s important to consider your particular circumstances before deciding what’s right for you. Although the information is from sources considered reliable, we do not guarantee that it is accurate or complete. You should not rely upon it and should seek qualified advice before making any investment decision. Except where liability under any statute cannot be excluded, we do not accept any liability (whether under contract, tort or otherwise) for any resulting loss or damage of the reader or any other person.

Any information provided by the author detailed above is separate and external to our business and our Licensee. Neither our business nor our Licensee takes any responsibility for any action or any service provided by the author. Any links have been provided with permission for information purposes only and will take you to external websites, which are not connected to our company in any way. Note: Our company does not endorse and is not responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

Share this post

Varsity Lakes

Phone:  07 5580 9489 

Suite 1303, Lakeside 2, Bermuda Point, 1 Lake Orr Drive, Varsity Lakes, QLD 4227 

Email : [email protected]

Mailing Address:
PO Box 1040
Burleigh Heads QLD 4220

Mon - Fri: 8.30 am - 4.30 pm
Sat - Sun: Closed

Kirra

Phone: 07 55 361 301

60 Musgrave Street, 
Kirra QLD 4225


Email: [email protected]

Mailing Address:
PO Box 855,
Coolangatta QLD 4225

Mon - Fri: 8.30 am - 4.30 pm
Sat - Sun: Closed

Brisbane City
(Adelaide Street)

Phone: 07 3067 7960

Suite 3, Level 25
215 Adelaide Street, Brisbane City QLD 4000

Email : [email protected]

Mailing Address:
PO Box 845,
Brisbane QLD 4001

Mon - Fri: 8.30 am - 4.30 pm
Sat - Sun: Closed

Brisbane City
(Eagle Street)

Phone: 07 3012 7344 

Level 7, 175 Eagle Street,
Brisbane City QLD 4000    


Email : [email protected]

Mailing Address:
PO Box 845,
Brisbane QLD 4001

Mon - Fri: 8.30 am - 4.30 pm
Sat - Sun: Closed

Brisbane South

Phone:  07 3392 0077 

Level 1 Suite 2 4 Clunies Ross Ct, Eight Mile Plains Qld 4113 


Email : [email protected]

Mailing Address:
Suite 375, 7 Clunies Ross Ct, Eight Mile Plains QLD 4113.

Mon - Fri: 8.30 am - 4.30 pm
Sat - Sun: Closed