Bruce Schneier has posted and excellent piece about secure passwords.
The attack I’m evaluating against is an offline password-guessing attack. This attack assumes that the attacker either has a copy of your encrypted document, or a server’s encrypted password file, and can try passwords as fast as he can. There are instances where this attack doesn’t make sense. ATM cards, for example, are secure even though they only have a four-digit PIN, because you can’t do offline password guessing. And the police are more likely to get a warrant for your Hotmail account than to bother trying to crack your e-mail password. Your encryption program’s key-escrow system is almost certainly more vulnerable than your password, as is any “secret question” you’ve set up in case you forget your password.
It’s quite good. Read on after the jump.
[tags]Schneier, Secure Passwords, Passwords[/tags]