Managing numerous passwords can be quite frustrating for anyone. Weak passwords are prone to hacking while strong passwords are cumbersome and hard to remember. However, passwords are our first line of defense against unexpected threats. Despite multiple attempts, we still haven’t mastered a technology that completely replaces passwords. Our best option today is to incorporate various password security best practices and build a resilient defense against unexpected cyberattacks.
In this blog, we’ll explore the different aspects of password security the best practices you can follow to boost your digital security.
Why is password security important?
Today’s businesses are heavily reliant on technology for their day-to-day operations. While this has enabled them to compete effectively in a crowded market, it also exposes them to various risks. Ever since data has become the number one asset in the modern world, cybercriminals are on the lookout for any institutional data they can get their hands on.
They do this by targeting an organization’s IT environment, which contains a range of different devices, software solutions, applications and more. All these assets guard critical data that can be accessed with the help of passwords. These passwords are your first line of defense against cybercriminals.
Weak passwords provide an easy gateway for cybercriminals to access an organization’s infrastructure. Verizon’s 2022 Data Breach report estimates that 81% of all breaches result from compromised passwords. Due to this, password security is highly important for businesses of all kinds.