Why Company Password Management is Critical to Preventing Breaches

Most businesses, both small and large are still using archaic methods of keeping and managing their employee and business passwords. From using sticky notes to using an excel doc I’ve seen it all. Unfortunately, this isn’t the only issue we see with small business owners including using easily guessable passwords, for critical systems that hold: Social Security Numbers (SSN), business credit cards, personal credit cards, intellectual property and so much more. These guessable passwords could be guessed within a matter of minutes by a single competent hacker.

So what’s the easiest and the best solution for password management? Our suggestion is to start using either a self-hosted password server (such as BitWarden) or a cloud solution such as LastPass. Both have the ability to use a Master Password along with 2FA (2-factor authentication) which will help prevent any unwanted access to your precious passwords and secure notes.

These solutions mentioned can assist with generating secure passwords which are randomized and with a length of 12+ characters will take a powerful computer over 200 years to solve for your passwords. We recommend at least 12 characters as even an 8 character password would only take 5 days. In general, the longer and more complex a password is, the longer it would take to crack it. When you start using a password manager don’t forget to change EVERY password to something different, as using the same password for multiple logins is just as risky because if one of those websites or applications have a breach on their own, and the hackers are able to receive the password from one database, that means they could attempt to use it on other sites (this is becoming more frequent with companies not protecting their systems properly – don’t put your businesses safety at the whim of incompetent database managers)

Example: If your password is your dog’s name (fido12345!) this password is inadequate as hackers are getting smarter. Using social engineering strategies to help assist in the speed of guessing what your password is. For example, a hacker might search for you on Facebook, creating a list of your posts and deciphering names and important phrases, using fido as your dog’s name in a brute force list which heavily speeds up the time for a computer to guess that ‘12345!’ comes after your dog’s name. This is why using randomized passwords is the best method in preventing hackers from accessing your data, along with a secure password manager such as LastPass.


On Key

Related Posts

Fortifying the Digital Frontier: Safeguarding Intellectual Property in the Age of Cyber Threats

In today’s globalized and digitally connected world, the importance of intellectual property (IP) protection has never been greater. The rapid pace of technological innovation and the expansion of the internet have created an environment where ideas, concepts, and inventions can be easily disseminated and stolen. This article examines the growing challenge of intellectual property cyber-security

firewall cyber security computer

Why Website Security Matters even more in 2023

What is website security? Website security refers to the measures taken to protect a website from unauthorized access, attacks, and data breaches. Website security is important because websites are vulnerable to various types of attacks, such as hacking, phishing, and malware, which can compromise the security of sensitive information, such as user data and financial

email security stats

Why Email Security Matters in 2022

Small firms need to take email security seriously. When it comes to cybersecurity, small businesses are often too cautious about their email security. They generally opt for consumer-grade security services that don’t offer the protection they need. Cybersecurity statistics show that small businesses are lucrative targets for cybercriminals. In fact, small firms account for 13

digital marketing content strategy

Content Strategy 2022-2025

In this article, we’ll talk about how you can use digital marketing and video production to generate leads for your business. Content Strategy Through Digital Marketing Digital marketing is a great way to get your message out to the public. It’s cost-effective and easy to implement, with many options available for businesses of all sizes.

airexplorer to s3

How to Backup Personal Data or Business Data in AWS S3 2022

If you need a solution to store data in the cloud, then have I got the solution for you. For the past year, I’ve used AirExplorer to manage and upload backups and files to the Amazon S3 cloud for safekeeping. In comparison to the other tools I’ve used, AirExplorer works the best for most personal