Hacking Passwords Just Got Simpler: Deloitte Canada

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By Vijaykumar Meti | January 16, 2013 11:00 PM EST

A machine running visualization software and high-powered graphics processing unit can easily crack any eight-character password in about five hours. More than 90 percent of user-generated passwords are vulnerable to hacking in a matter of seconds, according to a new tech trend report by Deloitte Canada.

"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," said Duncan Stewart, Director of Research, Deloitte Canada and co-author of TMT Predictions 2013.

It's a human behavior for re-using password and that puts the password security at risk. Users should opt for multi-factor authentication wherein using tokens and cellphones figure as the most likely solution.

The new tech trend report also predicts that despite the popularity of smaller devices like smartphones and tablets, people will continue to spend maximum time on personal computers in 2013.

More than 80 percent of the internet data will continue to come from laptops and desktops in this year and over 70 percent of the people's time will be spent on personal computer (laptop and desktop).

This year, there will be an almost 1.6 billion personal computers in use globally, up from 1.4 billion in 2010. And in contrast, there will be about a quarter of a billion tablets in use and the smartphone will be more than 1.5 billion worldwide in 2013.

The report also predicts that less than one percent of Canadians will end their cable and satellite service in 2013, however majority of TV viewers will stick to the traditional TV service because of the live TV - sports, news and reality shows.

In addition, the other predictions of the report include:

  • TV screens with four times the resolution of HD are likely to hit the Canadian market by the year end
  • Crowd funding portals will raise $3 billion this year
  • Over 90 percent of Fortune 500 companies will have Enterprise Social Network (ESN)
  • Over 50 percent companies will allow employees to bring their own device to work

Deloitte's Technology, Media & Telecommunication (TMT) Predictions are based on worldwide research, including in-depth interviews with clients, industry analysts, global industry leaders and more than 8,000 Deloitte practitioners.

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