![]() Security initiatives around passwords and secure access are being positively affected by new regulations and guidelines. Ongoing employee training helps to encourage the adoption and usage of security tools.Įmployees who understand how their actions contribute to the overall security of their company will be incentivised to make positive changes. Training helpsīusinesses need to take proactive measures to eliminate risky password behaviours. Remember that unique, complex passwords are much, much more difficult to leverage in exploits. Stolen and reused passwords mean you can be more easily hacked.Īccording to the Report, employees reuse a password an average of 13 times, and smaller businesses are more likely to have higher rates of password reuse. All it takes is a data breach at one of your service providers for that one, valuable password to be out in the open. ![]() Most of us know by now that password reuse is a bad idea. And each of those passwords is an access point to the business that needs to be properly secured. ![]() Eighty five.Įven employees at larger companies that may benefit from tools such as single sign-on, still have to remember an average of 25 passwords.Įither way, it’s clear that employees have too many passwords to remember on their own. If you work in a small business, it won’t surprise you to hear that the average small business employee needs to remember 85 separate passwords. There are often services that need to be accessed by multiple employees, or shared with external parties.īusinesses therefore need a solution that facilitates secure, encrypted sharing of those passwords to avoid insecure use of spreadsheets or paper documents. Password sharing is common in many businesses. Those employees who can access and use passwords conveniently from their devices are going to be more likely to use their password manager. Mobile usage continues to rise, and the ability to access passwords on mobile significantly improves the experience for employees. Ultimately, no matter the size or industry of your business, MFA should be part of your cyber security technology. Smaller businesses are also less likely to use MFA, most probably because their restricted IT resources are focussing their efforts elsewhere. This is unfortunate given the sensitive customer data which they handle. Businesses in the insurance and legal industries have been the slowest to adopt MFA. Technology businesses are leading the way, with the largest percentage of users adopting MFA. Relevant biometrics are typically less secure and reliable than other methods of authentication, but some implementations provide adequate security as an additional (not primary) factor. ![]() The next trend in MFA is forecast to be the increased use of biometric authentication (as opposed to software based). More than half of businesses globally have employees using multifactor authentication. It is an effective way to provide enhanced security. MFA is a security system that verifies a user’s identity by requiring multiple credentials (such a code from your mobile phone). What are the Key Highlights in the Report? Multifactor Authentication LastPass makes it easier for users to create different, and complex, passwords for each login, as well as to automatically fill online forms. LastPass provides advanced password management solutions for businesses, with freemium products available for personal and family users.Ī user’s content, which includes passwords as well as secure notes, is protected by one master password. However, the Report highlights that businesses still have a lot of work to do in the areas of password and access security. Password security has gained increased awareness over the last few years. The Report contains some great insights into employee password behaviour at over 47,000 businesses around the world. LastPass have released their latest Global Password Security Report.
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