Password Recovery Riddle

A system error causes the change of John's net banking password. To sort this out, he calls the customer care. The following is the conversation he had with the executive:

John: My password has been changed.

Custom Care Executive: We have kept your password distinct this time. It has 8 letters out of which, 3 letters are the same as the previous one.

John: Okay, thanks.

Can you determine the old as well as the new password of John's net banking account after reading the conversation carefully?




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No Solution

In 2007, a puzzle was released and $2 million prizes were offered for the first complete solution. The competition ended at noon on 31 December 2010, with no solution being found. Wiki