Happy World Password Day
It is the first Thursday of May, and we celebrate world password day. Today passwords are an integral part of our daily life, so it is important to build better password habits. These code combinations can be strange, complex, easy to remember, and even forget.
Unsurprisingly, we have a special day dedicated to these crypto-keys as we use them to secure our privacy. Strong passwords are the basis of great cybersecurity. World Password Day reminds us of the importance of our passwords as we use them daily to access web or mobile applications to manage our lives. Including online banking, health records, university paperwork, private pictures, or even just emails. Unfortunately, the Internet is not just about benefits, opportunities, challenges, and threats. Hackers and identity thieves are everywhere, and our passwords serve as the first digital line of defense.
With remote work on the rise, the cybersecurity issue reaches another level, so ensure all your teams use strong passwords for the business accounts they access.
History of the World Password Day
Passwords existed long before the Internet emerged. They played a major role in espionage, secret societies, and coding messages. Using passwords, known just by a few, was the only way to ensure your organization’s or activity’s secrets would remain secret.
Today digital protection is essential for both our private and professional lives. Here comes one of the big problems: so many accounts and profiles need to be protected. And different platforms have separate requirements for passwords – some accept figures, letters, and symbols, while others leave it up to you to decide the code combination. So having a universal password is not an option, let alone a terrible idea.
World Password Day spreads the awareness that taking care of your password is very important and should be considered seriously. Data is like the currency of the modern age. If malicious hackers access your account details, they will cause you much harm. Steal your identity, steal your money, and hijack your virtual life. And even worse, they can completely cover their tracks so you or the authorities cannot trace them back.
Why is World Password Day really important?
You may think that in 2021 we have advanced a lot in cybersecurity and data protection. Yet, according to the survey published on PCmag.com top 3 of the most common passwords in 2020 are:
Next in the line is the word “password” with some number variations, as well as “qwerty” or “abc1”. As you can imagine, these passwords leave users highly vulnerable to online threats. According to a survey conducted by Business Insider, 98% of 10 000 researched accounts use the same password to access all user accounts. This is a very dangerous practice, as once hackers crash your password, they gain immediate access to all your important information. Cybercriminals are also aware of that statistics, which is why they have increased success in recent years.
Having said that, the organizers of World Password Day are trying to educate users on how to create strong, reliable, and hard-to-crack passwords. They also want to promote the idea of two-factor authentication. This is a concept to use two forms of security when you log into your account. Usually, it combines using your standard password and sending an alert to your phone to confirm whether you are trying to log in. If an intruder tries to access your account, you can reject the confirmation and change your password.
Password manager and SSO – keep your business accounts safe
Regarding business security and passwords, two popular approaches are Password vault and SSO. Password vault or Password manager is a program that stores your passwords in an encrypted format and in a secure location (unfortunately, unfortunately, your devices are not secure enough). To access your original password, you must first log in to this password vault with a single username and password. Once you complete this, the program provides the necessary password information.
Private users often use pass managers built into their operational systems, companies prefer to rely on paid password vaults as they ensure a higher level of security and data protection. Some can even generate one-time passwords (OTP), which are long, complex, and unique code combinations for every website.
SSO stands for single sign-on, and it is a secure solution that requires your employees to remember only one set of credentials. They can access all your company’s websites and apps with a single username and password. SSO is considered more secure and easy to use compared to password managers. Among the top benefits of the SSO are:
• it eliminates the need for workers to keep many passwords
• it reduces the frequency of logins
• it also reduces the number of credentials stored
Another advantage of the SSO systems is that they work with tokens. After employees log in receive tokens for the programs, apps, or websites they try to access. Many SSO solutions ensure seamless and secure access across all corporate networks as they work across both on-premises and on-cloud applications.
If you believe you need to do more about your business security, contact our IT service!
The golden rules of secure passwords
• Create a strong password – with letters, numbers, symbols – and no logic in it
• Don’t store passwords on your computer or phone
• Turn on two-factor authentication for the platforms you use daily
• Update your password every 6 months
• Log off when you’re done with a program
• Store your passwords in a password manager
The digital world is constantly changing. The idea of cybersecurity is evolving as well. Today we are already talking about including biometrics as a source of identification. With innovations like quantum computers and artificial intelligence, new options, and challenges will exist for our personal and business security. However, for now, you should build strong, complex passwords that protect your accounts from hackers and identity thefts.
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