Quote:
Originally Posted by Dankasaur
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It also encourages people to write down passwords or to choose nearly the same password each time with slight variations. No one can remember 20-50 different passwords which have to be changed every few months. You simply cannot keep all that in your head.
Worse yet if the company is incompetent there is the risk that they store past passwords without hashes or encryption so if a hacker gets the database they not only get your current password but all your past stored passwords too. They then can use these at all your other online accounts. More than likely Paxum uses hashes or encryption (if not the owners should go to jail) but even then there is still a risk of compromise depending on the implementation.