It wasn't just money or information that was lost here, but also consumer trust, which cost the company a lot of money in the year after the data breach, as shoppers boycotted the retailer. According to the story, the preliminary $10 million settlement was probably the least of the problems. 70.5-110mn individuals were robbed of personal information, including email and mailing addresses. 'Hackers have obtained credit and debit card information for 40 million consumers,' according to a New York Times piece from earlier this year. Internal system security (firewalls, additional authentication tokens for access to your internal system security, For example, certain operating systems or antivirus software.Īn example of the damage that can be caused by a data breach is the Target data breach, which occurred in 2013. Whether or not the hacker uploads malware to further compromise your system. The type of information that was retrieved. How long before the breach is discovered. Numerous variables can influence how much harm this causes, including:
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Risking their account information is simply not worth it.Īll of the password problems described above put your organization in danger of a data breach if a hacker is able to crack your firm's system password and gain full user access. This is inappropriate, even if the individual was terminated peacefully.
If an employee's employment with a company is ending, it's vital that their access to the system be canceled as soon as possible, regardless of the circumstances. Getting rid of an employee is a bother at best and a nightmare at worst. Remember that you're better off educating your employees on password security so they don't share them with others.įailure #5: Failure to remove passwords of former employees from the system Information about an account can be compromised in a variety of ways. No matter how strong a password is, if the employee shares it with others, the strength of the password is lost.Įmbrace the cloud and gain an advantage over competitors. It is possible to prevent this by disabling hints, as well as by defining explicit criteria for password security. You may be surprised to learn that some employees who have access to your computers will not only leave a hint but their complete password as well. To help users remember what password they used, many password systems provide a hint option that provides a hint. Mistake #3:Password in PW Hint is a common mistake. In most cases, however, weak passwords will be rejected by corporate software. Even while they're easy to recall without a hint, they're also quite easy to guess. I could go on and on, but I'll stop here. One of the most common examples is the following string of letters or numbers: When it comes to choosing passwords, the need to choose a simple and memorable one is the culprit. Mistake #2: Making the mistake of using simple sequences Hackers will use this information to try and guess your passwords. Such information is often divulged via a Facebook post or a loan application. Unfortunately, this results in a password that is exceedingly weak and easy to guess. Someone might use their date of birth, social security number, or some other personal datum to create a password. A random string of alphanumeric characters can be difficult to remember, so most individuals choose a password that's easy to remember. Mistake #1: It is a mistake to use your personal information as a password.Īn example from CNN's list of the most common password errors.
It's important to know what these mistakes are in order to avoid them and improve your IT security: People tend to make certain pretty fundamental mistakes, which makes their passwords more vulnerable to attack despite this. Your business could suffer a significant financial loss as a result of this. Someone who has your login and password can log in and access all of your information and controls.
No matter how powerful a data security system is, the lawful, password-protected access points designed for authorized users will always be a weak point. In addition to investing in the latest hardware, encryption, and anti-virus software, many organizations also closely monitor the physical hardware that stores their data. There have been other high-profile data breaches in recent years, including those at Target and JP Morgan.īecause of this, many firms make significant investments in IT security. Regardless of the type of business, it's important to protect data from unauthorized access. Five Password Mistakes and Their Impact on Your Data Security
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