• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Submissions
  • About Us
  • Contact Us
  • Apr 12, 2021
  • Startup
    • Creating a Plan
    • Funding a Startup
    • Franchise Center
    • Getting Your Office Ready
    • Making Your Business Official
    • Marketing Your New Business
    • Personal Readiness
  • Run & Grow
    • Customer Service
    • Human Resources
    • Innovation
    • Legal
    • Operations
    • Risk Management
  • Leadership
    • Best Practices
    • Communication
    • Green Initiatives
    • Open Culture
    • Strategic Planning
    • People Skills
  • Sales & Marketing
    • Advertising and Lead Generation
    • Marketing Innovations
    • Marketing Plans
    • Online Marketing
    • Relationships
    • Sales Activities
  • Finance
    • Budgeting and Personal Finance
    • Payments and Collections
    • Tax and Accounting
    • Pricing Strategy
    • Working with Investors
    • Working with Lenders
  • Tech
    • eCommerce
    • Hardware
    • Software
    • Security
    • Tech Reviews
    • Telecom
  • Shop

SmallBizClub

Helping You Succeed

Tax Bandits banner
Home / Technology / Security / Why Your Password is the Next to Get Nabbed
Why Your Password is the Next to Get Nabbed

Why Your Password is the Next to Get Nabbed

1303 Views

Feb 4, 2015 By SmallBizClub Contributor

In a world where “password” is still among the top five most popular recorded passwords, it’s no wonder that they’re getting nabbed left and right. Our whole lives revolve around passwords; many of our most sensitive accounts are protected by a single password. But how many of us are guilty of not taking our password security seriously enough? And how far does carelessness with passwords really go?

 
It isn’t just regular users like us who aren’t mindful our password usage, big businesses are just as likely to skimp on their passwords. A recent breach in security of a big company exposed the salary information for 30,000 employees. Further investigation into the breach showed that the IT department kept sensitive login data, including account passwords, saved under conspicuous files with names like “passwords” and “Facebook login password.” These rookie mistakes aren’t the sole reason our passwords get cracked, though. It doesn’t matter how well hidden you think your passwords are, if they are easy to guess you better believe there’ll get hacked. It’s been reported that 90% of employee passwords are crackable within six hours. It seems like too many people are using “123456” as their corporate email password, and management is letting them get away with it.
 
Related Article: 8 Password Mistakes Small Businesses Make
 
Big companies with hundreds of employees have their own special set of password related security concerns. The main question being “how do we keep track of everyone?” Employees need access to apps, so of course, they’ll need password information. But what happens when they leave the company? In corporations where employees come and go, 89% of them are going with access to PayPal, email, and corporate Facebook accounts. A good number of them, whether intentionally or not, even login to their ex-employers accounts.
 
Repairing from a data breach isn’t always an option for some companies; often times it means the end for them. Between trying to limit media exposure, curbing embarrassment levels, and getting breached data back where it belongs, a lot of companies see this as an opportunity to throw in the towel. However, on the off chance that a small business has $200,000 lying around, a clean up is possible. It’s been recorded that over $170 million dollars was spent by one company to clean up after a data breach, and that’s not exactly chump change.
 
About 65% of users ignore the sage advice of never using the same password twice and have one single password for every account. Are you part of that majority? Protect yourself, your accounts, and your company by being smart with your passwords. Take a look at this infographic brought to you by LogMeIn for more on password security and let us know what you think about it in the comments section.
Password-Security
 
 
Source: Meldium
 
NowSourcingAuthor: NowSourcing is an award-winning nationally recognized infographic design agency. Founded in 2005, NowSourcing has strong roots in the human and technical nuances of the web.

Filed Under: Security Tagged With: Infographics, Network Security, NowSourcing

SmallBizClub Contributor

SmallBizClub Contributor

Related Posts

  • How To Secure Your Business Data in 3 Steps
  • 8 Practical Ways to Improve your Blog Visibility
  • 7 Excellent Reminders to Use a Password Keeper

Primary Sidebar

efile4biz banner

Random

Startup 101: The Importance of Tax Planning

Apr 12, 2021 By Andrew Deen

4 Ways to Best Support Curbside Operations

Apr 12, 2021 By Eleanor Hecks

5 Common Causes Why Your Website is Slow 

Apr 12, 2021 By Jason Chow

3 Secrets to Optimize Your Business Online Presence in 2021

Apr 11, 2021 By Luke Hyde

Diversity & Inclusion: Best Practices for Project Managers

Apr 11, 2021 By Michelle Symonds

Footer

About Us

Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Copyright © 2021 by Tarkenton Institute, Inc. All Rights Reserved | Terms | Privacy