#4 Disagree
You should not rely on other security measures so that you can have an easy to remember password like your kids name or your favorite sport team.
The password that you provided isn't even that secure. Sure its random but the length is not long enough. When creating service accounts, I go for 17 or 20 digit password. You type it in once and your done with it. Store it away in your Blackberry password vault and your good.