Does your department have the right password security strategy?
If you’ve been putting off creating a password policy, now is the time to finally get serious! A password security strategy should be on the top of your cybersecurity priority list.
Why password security strategies are so important
Hackers are increasingly sophisticated. They are very effective at obtaining personal information with passwords as a prime target.
Here are a few facts to consider.
- Did you know that 75% of us re-use passwords?
- Nearly 3 out of 4 consumers use the same password in different sites.
- 47% of us use passwords that are at least 5 years old and 21% use passwords that are at least 10 years old.
- The average person only has 6 unique passwords that they then use for an average of 24 different accounts
If a hacker gets access to one of your passwords, that likely means they have access to more than one system. For example, if your employee uses the same password for their personal email as they do for your accounting system, a hacker could easily gain access to your client credit card information.
When your clients create online accounts with you, they assume their personal information will be kept safe. This includes the password they create for your system. Since access to a single password can unlock someone’s entire online identity, you need to take the necessary steps to protect it. Betraying that trust can have a serious and long-lasting impact on your reputation, operations, and financial integrity.
More parking and security departments are making password security strategies a priority. If poor password practices result in a data breach, the cost to universities and colleges can be significant. You could face financial losses, an erosion of customer confidence, and a hit to your reputation.
Getting started with a password security strategy
Small steps can go a long way when safeguarding your data. Here are a few things to keep in mind when creating a password security strategy.
- Provide employees with clear guidelines about strong passwords. This might include prohibiting the reuse of old passwords. Strong passwords are generally a mix of 8-15 characters and character types.
- Encourage proper behaviors. Passwords should never be shared and should be kept secure from others.
- Use technology like salted password hashing to store your client passwords. To learn more about this, download our Password Security Solutions Brief.
OPS-COM also offers additional training and support for security if you have any questions or require additional assistance.