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PAE
the easily anticipated formats mentioned
above.
Poor password management has been the
leading cause of data breach for more than
10 years. One million passwords are stolen
each week. The use of stolen login information
is the second–most common method of
breach. Eighty-five percent of data breaches
prominently involve a personnel component
such as phishing, stolen credentials, and
human error. These instances of compromised
data are often conducted by external actors
for financial gain. The 2022 Verizon Data
Breach Investigations Report explains that,
when targeting businesses and organizations,
hostile actors often access networks via
March 2024
weak or stolen passwords — in fact, 82% of
security breaches that occur within basic web
application attacks are achieved by stealing
credentials like passwords.
Companies have to find the most secure
approach that employees will actually follow.
When setting password security policies, keep
this in mind. The best system in the world
won’t do you much good if employees end up
working against it. So while companies should
work to show employees that being secure
and using good password hygiene doesn’t
have to feel burdensome, they should also try
to strike a balance that really works for their
employees.
hbr.org
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