Have you created a weak password such as “12345678” or “123456” to protect your personal account on any website or application? If your answer is yes, it is very likely that one day, at some point, one of these easy password alternatives has been compromised.
With the undeniable effect of the widespread use of IoT applications, a significant increase is observed in password violation cases in recent days. As a matter of fact, your refrigerator or washing machine's date exchange rate far beyond than you think makes it inevitable to encounter sensitive data breaches if you use passwords like"mysweetheart".
This situation, of course, does not only apply to individual users. Organizations, which are important actors in the business world, may have to cope with serious data losses and negative financial statements if they do not attach enough importance to password security protocols. In this article, we'll explore 33 striking statistics compiled from different areas on why it's important to use a strong password.
Password statistics related to violation cases and the widespread use of these statistics in extremely wide areas clearly reveal the gravity of the situation. For instance, current cyber-attack statistics show that 1.67% of Android malware is password trojan. Other striking statistics below prove how important password security is.
Data on violations are like this in general. Well, if you're wondering how the situation is in the business world, the next set of statistics will satisfy your curiosity.
After discussing the highlights of the business world's password statistics, let's examine the statistics on password security in detail in general framework.
Let's take a look at the data obtained from different studies to discuss the statistics on password security in detail in general framework.
After looking at the password security statistics from a general point of view, we will examine the violations on a sectoral basis and expand our perspective more.
Many industries fall short of establishing the right password security policies. Below you can find some interesting statistics that stand out from different sectors.
You can secure your personal passwords and your organization's IT infrastructure by reviewing the 6 tips that will help you improve your password security.
You can take advantage of Multi-Factor Authentication (MFA) and Password Vault features, which are an important part of Privileged Access Management (PAM) solutions to ensure password security. Playing a key role in helping the PAM ecosystem make your IT infrastructure more secure against cyber attacks, MFA provides a high-level layer of security with strong password, geolocation and OTP features. On the other hand, Password Vault offers another cyber security capability that allows you to apply one or two-level administrator approval processes for password access with the management approval feature without showing the passwords. In this way, you can eliminate both password sharing and the internal & external threats.
If you want to make passwords more secure for your users and/or IoT devices accessing critical data areas, you can provide advanced protection against cyber attacks by using Multi-Factor Authentication (MFA) and Password Vault products. You can contact us for all your questions about our Multi-Factor Authentication and Password Vault solutions.