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Five terrifying password security stats!

Yes, we’re talking about password security again. Why? Because huge data breaches continue to happen. Every. Single. Day. This month’s guide will quickly give you pause for thought when it comes to protecting your business with regards to passwords.

With cyber threats being a daily problem for businesses of all sizes. Everyone knows the risks, but despite all the news reports and constant warnings, trends demonstrate a huge hike in data breaches and hacks over recent years.

The use of mobile devices for work have enabled us to become immensely more productive and flexible with our time. But without proper management, it’s also created the perfect opportunity for cybercriminals to make money (and lots of it).

Proper robust passwords can be notoriously onerous to manage. So many companies simply pass it off as a job too time consuming to do anything about.

Even when faced with the ever-increasing risk of data loss, downtime and public naming and shaming, bosses everywhere are still burying their heads in the sand and hoping it all goes away. When employees leave a company on bad terms, countless organisations fail to put the correct procedures in place to protect their critical data.

Five, terrifying, password, security, stats, business, risk, managed IT services, managed service provider, IT support, ITGUY London, IT Support for Small Business London, Business IT Support London

Even when password policies are written and shared with staff, they’re still not being enforced.

A 2019 report from Yubico revealed that despite an increase in understanding about cybercrime and password best practice, behaviour is still falling short.

Look in any office and you’ll still find people:

  • sharing login details;
  • scribbling passwords on Post-it notes and sticking them on their computer screens; and
  • failing to keep schedules for password changes.

You might just as well build a house with straw and put a big sign outside saying … “Dear Mr Wolf, please steal all my stuff and eat me for breakfast”!

Password stats… the lowdown…

If it’s so easy, why are so many companies still getting caught out by hackers? The simple answer that it’s all a bit too much hassle. Take a look at these stats and think again…

69% of users (that’s two in three), still share passwords with colleagues to access information.

51% of users use the same passwords for work and personal accounts.

57% of people who have already fallen prey to phishing attacks still haven’t changed their passwords!

23 million account holders are still using 123456 as their password, even though it’s been proven to be just about as effective as the proverbial chocolate teapot!

57% of people said they find password management an irritation that stops them doing their jobs, so they don’t bother with it!

89% of people make online purchases with the same passwords.

It’s true and we could go on! You know you can’t run your business like this. It’s time to change and this our call to arms for more robust cybersecurity in your business.

Contact us today for a free, no-obligation cybersecurity assessment and to find out more about stress-free password management. Simply get in touch by giving us a call on 020 72 41 22 55 or fill out our contact form and we’ll quickly get back to you.