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The Secret Life of Passwords

Howard Lutnick, the chief executive of Cantor Fitzgerald, one of the world’s largest financial-services firms, still cries when he talks about it. Not long after the planes struck the twin towers, killing 658 of his co-workers and friends, including his brother, one of the first things on Lutnick’s mind was passwords. This may seem callous, but it was not.

Like virtually everyone else caught up in the events that day, Lutnick, who had taken the morning off to escort his son, Kyle, to his first day of kindergarten, was in shock. But he was also the one person most responsible for ensuring the viability of his company. The biggest threat to that survival became apparent almost immediately: No one knew the passwords for hundreds of accounts and files that were needed to get back online in time for the reopening of the bond markets. Cantor Fitzgerald did have extensive contingency plans in place, including a requirement that all employees tell their work passwords to four nearby colleagues. But now a large majority of the firm’s 960 New York employees were dead. “We were thinking of a major fire,” Lutnick said. “No one in those days had ever thought of an entire four-to-six-block radius being destroyed.” The attacks also knocked out one of the company’s main backup servers, which were housed, at what until that day seemed like a safe distance away, under 2 World Trade Center.

via The Secret Life of Passwords – NYTimes.com.

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