Protect access, prevent attacks 

Many organizations have ineffective password policies, and often, no password policy is implemented at all. Too many prioritize convenience over security, so their employees use weak passwords to log in, opening themselves up to many security risks.

Increased vulnerability to brute-force attacks

A brute-force attack is a hacker technique that involves repeatedly using trial and error until the attacker can guess the correct password and gain access to your system or account. This attack is usually accomplished using automated password-guessing tools.

However, weak passwords are not the only factor that increases your vulnerability to brute-force attacks. The remote access protocols that a remote worker may use provide opportunities, as well as the use of cloud services.

Higher risk of credential stuffing and account takeovers

Credential stuffing is a cyberattack technique that uses information like usernames, email addresses, and passwords taken during a data breach. Hackers can use this stolen information to automate the logins for many accounts at once. If you reuse your login or password for multiple accounts, you risk all your accounts if your login data is stolen.

Once a hacker has accomplished an account takeover with your stolen information, they can steal your data, make purchases, drain your account, and change account details.

Financial consequences of compromised accounts

There can be direct or indirect financial losses.

Direct financial losses can include:

• fund withdrawals
• fraudulent transactions
• operational downtime
• recovery costs
• loss of intellectual property

Indirect financial (or reputational) losses can include:

• reduced revenue due to declining sales from losing customer trust
• loss of market share from not being able to attract new customers
• damage to stock prices

Do you need help setting up an effective password policy? We can provide the software and training needed to ensure your organization’s data is secure.