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 is increasingly becoming a topic of conversation amongst organizations. If hacked due to invalid password practices, the cost to universities and colleges can be significant, ranging from financial loss to the erosion of customer confidence and reputation. With greater awareness, educational institutions can take the necessary steps to safeguard the data that resides on their computer systems from unlawful intrusion with proper password policies.
When users create new online accounts, they are making a general assumption: that any personal information they’ve shared will be kept safe. This includes their passwords. Since passwords can unlock someone’s entire online identity, it would not be too far of a reach to state that knowing someone’s password is like being given the keys to their home. Betraying that trust – by not having and enforcing a password security strategy – can have a serious, long lasting impact on your institution’s reputation, business operations, and financial integrity.
A security crisis years in the making!
75% of consumers re-use the same password across multiple websites
Hackers are both persistent and perversely creative in obtaining personal information and causing data breaches. No institution, whether in th public or private sphere is immune which is why we recommend a proper password policy.
- Nearly 3 out of 4 consumers use the same password in different sites
- 47% use passwords that are at least 5 years old
- 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