of the password you previously set. Not to mention having a different password. How do we keep all this in mind?
Every bank, without exception, Why does he choose such a practice? Don’t forgotten passwords create a bigger security problem?
The main reason why your banking application regularly asks you for a new password is to ensure your security.
This very frustrating situation continues to confuse many people. Bank customers concerned about securityForgetting your mobile banking passwords can even result in your account being locked out. So why do we go through all this trouble?
Change passwords regularly, passwords that may have been leaked or are at risk of being guessed shortens its lifespan. If the password is obtained by someone and the user changes his password regularly, the attacker is prevented from using this password.
Using the same password in other applications will also prevent this attack.

Most people reuse their passwords across many platforms to avoid forgetting them. Requiring a password change helps reduce this risk. Because changing passwords regularly social engineering attacks It makes the passwords captured with it lose their validity.
However, this situation is also may cause security issues. When users are required to change their passwords constantly, they may choose weak and memorable passwords or use insecure methods, such as writing their passwords down on a piece of paper. This has the potential to create security vulnerabilities.
Constantly changing passwords causes some users to change their passwords repeatedly or use similar passwords.

Guessing passwords like 1234 increases security risks. Password change processes Situations such as application or system errors, data mismanagement, or failure to properly renew passwords lead to security vulnerabilities.
Instead of just focusing on changing passwords, banks can two-factor authentication or they can increase the level of security with additional security measures such as biometric verification. This way, no one has to create a new password every six months and forget it.
Sources: ProActive, Green Country, Yahoo
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