We are living through a Digital Revolution. With Covid-19 breaking the mould with the way we operate and communicate with our peers and clients on a day to day basis, we are even more reliant on Digital Services, with more of our confidential data being circulated across the internet. The saying “the more things change, the more they stay the same” cannot be any more relevant when it comes to security and protecting your organisations data. With everything changing around us daily, the one thing that remains the same is ensuring our data is safe and secure. Ensuring your password isn’t discovered by Cyber Ciminals is one of the first steps to mitigating your risk.
How Does my Password Get into the Wrong Hands?
When you generate your password and input it into the required system, there is a general level of trust that you are putting with the system or third party to keep that password secure. In most cases, they generally do a pretty good job of securing that information. Unfortunately, it is also common to see some of these services compromised and extensive databases of credentials leaked to unauthorised parties. Services like LinkedIn Dropbox and Facebook have been subject to these types of attacks in the past and those databases end up being auctioned to the highest bidder on the Dark Web.
The below video explains how credentials can be compromised on the Dark Web.
Why is Password Management so Important?
The usual suspects like Multi-Factor Authentication, Anti-Virus, Encryption, Firewalls etc all play their part. However, you are only as strong as your weakest link when it comes to security and in a lot of companies that we have worked with, historically password management is generally overlooked.
You can no doubt resonate with having an excel spreadsheet where all your passwords have been stored at some point in your life. Some organisations still rely on this technique to keep track of their password lists. Never has there been a need to ensure full compliance with respect to password management of your organisation. Unfortunately, password protecting a spreadsheet just won’t cut it. On average it can take a couple of seconds to break into a protected spreadsheet. So, what is the alternative? A cross-platform password manager built with businesses in mind.
Password Management Tools Increase Your Efficiencies Too!
These tools allow you to manage your passwords via your mobile device, computer, tablet, or any other device that you might use. Additionally, tools like this also allow you to securely share password with your colleagues and report on who has ever accessed the password in the first place. Not all password management tools are equal, so it is important to evaluate which is the best one for you.
When it comes down to it, sharing a password, whether it be verbally, on a post it note or via a shared document puts both you, your staff and your business at risk and a good password management tool will dramatically reduce your exposure.
How Do I Get Started?
Your security is our priority, so we have vetted several the leading solutions and have partnered with the best protection in the industry. Our suite of security solutions is audited and tested by the leading security assessment firms in the world and password management is only one facet of the managed security services that we offer.
Get in contact with us today to see how our password management and security services will prevent your next cyber-attack from happening.