Check Out Your Password
11.06.2024
Back to blog listIn our latest cyber news review, we are going to share with you the key takeaways from recent studies on password management habits and ATO attacks.
The research, based on data from a survey of 2,000 people revealed users’ password habits: 46% of participants experienced password theft in 2023. Key findings of the research are the following:
- After discovering that their password had been hacked, 68% of participants had to reset it for all of their accounts.
- 42% of respondents change their passwords only in case they are asked to do so, instead of changing them regularly.
- 30% think that they were hacked because they used the same password on many accounts, and 35% believe it was because their password was weak.
As we can see, almost half of users do not take password management seriously. It is vital to always remember that password hygiene is an integral part of cybersecurity for both large corporations and individual users. A careful approach to password maintenance can help you avoid some disastrous incidents, like account takeovers.
According to Abnormal Security's State of Cloud Account Takeover Attacks 2024 report, 83% of organizations experienced at least one account takeover in 2023. 77% of security experts surveyed believe that ATO attacks are one of the top cyber threats. The surprising part of all these is that the most common and affordable methods of preventing such incidents are using multi-factor authentication and strong password policies.
So, in the light of the news, let’s review simple yet effective password management best practices:
- A good password must contain at least 10 to 12 characters.
- Remember that diverse characters such as upper- and lower-case letters, numeric characters, and special symbols make passwords stronger.
- Never use any kind of personal information (especially that posted on your social media pages) as a password.
- Use unusual combinations of words and phrases, but ones that you can remember.
If you want to strengthen your corporate defense against various internal threats with advanced technology, along with implementing the abovementioned practices, you might want to use our managed security service. Click here to start your free trial and achieve peace of mind about your business security.
