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August 01, 2021

Stealing a PIN code is as easy as 1234

You work hard for your money.

So why put your finances at risk with a personal identification number (PIN) that's as easy as 1234?

A study by DataGenetics revealed that people are opening themselves up to identity theft and financial fraud by selecting four-digit PINs that are easy to crack.

When thinking of a four-digit password, many people opt for something that is simple and easy to remember such as a child's birth date, an anniversary or the year they were born.

However, there are over 10,000 possible combinations the digits 0 to 9 can be arranged to create a four-digit PIN code, according to the research.

The most popular combination, used by 11 per cent of the 3.4 million passwords reviewed, is 1234 and, obviously, one to stay away from.

The 10 most common PINs identified were:

1. 1234

2. 1111

3. 0000

4. 1212

5. 7777

6. 1004

7. 2000

8. 4444

9. 2222

10. 6969

Other numbers to stay clear of is your year of birth, sequences, numbers related to movies, shows or novels such as 2001 (2001:  A Space Odyssey), 1984 (a novel by George Orwell), 4077 (M*A*S*H), 0007 (James Bond 007) and, of course, any combination of 0666 (the number of the beast).

Believe it or not, hackers just might be able to crack over 10 per cent of all codes with just one guess, according to the research data.

And the least used four-digit number?

Answer: 8068.

By Donna Donaldson, MSN Money

Using this information would you consider changing your PIN?




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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...