Password Authentication, PIN-based and other Knowledge Factor authentication have numerous deficiencies. Unfortunately, many security systems are designed such that Authentication relies entirely on a Knowledge Factor.
Many "Security Experts" point out that weak passwords are the most common cause for system Exploits.
Almost every one agrees Password Authentication is Broken. The sheer number of Password Attacks in the last years shows it is at least not working. Perhaps it is all an implementation issue and perhaps it is the conflict between usability work with passwords and Password-composition Policy or perhaps it is the heuristic Attacks have gotten better.
The "Security Experts" but the burden on the user saying "It is important for individual users to safeguard their passwords Best Practices Password and for Organizational Entity to develop a Password Policy that mandate that such practices be followed.
Human Element of precise recall is in direct conflict with the requirements of strong passwords. Many Password Statistics show that people pick easy to guess passwords. Furthermore, they found that 85% of all passwords could be trivially broken through a simple exhaustive search to find short passwords and by using a dictionary to find longer ones.
By enforcing Password Policy required users need to create unpredictable passwords, which are more difficult to memorize. As a result, users often write their passwords down and hide them close to their work space. These strict Password Policy insisting on Password Quality, such as forcing users to change passwords periodically, only increase the number of users who write them down to aid memorability.
As companies try to increase the security of their IT infrastructure, the number of password protected areas is growing. Simultaneously, the number of Websites which require a username and password combination is also increasing. To cope with this, users employ similar or identical passwords for different purposes, which reduces the security of the password to that of the weakest link.
However, the Credential Vaults are a Password Anti-Pattern where the password is now a Shared Secret with yet another party which increases the vulnerability and the points that attacker may exploit
And that is why we see these type of Password Statistics