One of the biggest pain points for users is having to remember different passwords for multiple services. Prevent password reuseĮnforce the use of strong and unique passwords or passphrases on personal and corporate accounts, especially for business apps dealing with sensitive data. In addition, demand that users change their passwords immediately if a provider discloses a data breach. Use annual collections of exposed credentials to ban those combinations in your network, and reinforce the use of random letters, numbers and symbols. Replace passwords with passphrasesĬybercriminals have gotten good at cracking passwords like “123456” and “asdasd.” Encourage longer and more complex combinations as part of your password policy, with passphrases at least 16 characters long that are harder to predict. Password best practices for your organization 1. Preventing credential exposure is a twofold initiative, where you implement and reinforce password security policies internally and externally across your third-party supply chain. So how can you improve password security? By diligently maintaining controls and focusing on the essentials-including continuously monitoring for exposed credentials and enforcing controls preventing password reuse-organizations can reduce the risk of breach. ![]() Security incidents don’t always come in the form of sophisticated attacks, but rather phishing or social engineering campaigns that manage to steal credentials. ![]() Attackers usually don't break in, they log in Breaches caused by stolen or compromised credentials had an average cost of USD $4.5 million and the longest lifecycle-243 days to identify the breach, and another 84 days to contain it.Īll of our personal practices around cybersecurity ultimately form the behaviors we carry into our work practices, even more so with a distributed workforce. IBM’s Cost of a Data Breach report found that stolen or compromised credentials were the primary attack vector in 19 percent of breaches in 2022, similar to the year before. These findings can be extrapolated to an organization’s supply chain: some vendors may reuse passwords or neglect credential security in accounts that could grant access to your network. Meanwhile 76 percent only change their passwords when reminded (or forced) to: Whether it’s friends sharing a Netflix login or a single user sharing the same password across multiple sites, we all instinctively know that credential sharing is a fact of our digital lives.īut is this common knowledge based in actual fact? We surveyed over 1,000 American internet users in 2022 to find out, and the answer, in a word, is yes.Īs can be seen below, a third of those surveyed only change their passwords once or a few times each year. The state of passwordsĪnecdotal evidence tells us people share their passwords. In this blog, we share the findings of our research around password usage, contextualize the importance of passwords to vendor risk management, and provide tips on password security. ![]() companies had SSO credentials for sale on the dark web in 2022. In addition, Bitsight research found that over 25 percent of the S&P 500 and half of the top 20 most valuable public U.S. Exposed credentials have been at the center of headline-grabbing events such as the Nobelium attack and the SolarWinds breach. One common password, either easily cracked or used repeatedly across multiple sites, could be the entryway for malicious actors into your supply chain and company’s data. These users may be the employees of companies who are a vendor to your company. Unfortunately, though, most employees-76 percent of Americans, according to research we conducted in 2022-never change their passwords, or only do so when forced to. And passwords are only as strong as we make them. Oftentimes, the simple alphanumeric password that acts as gatekeeper to our personal phones and email accounts is the same one that protects enterprise businesses’ servers. Many major stories about cyberattacks or data breaches have one weak link in common: passwords.
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