World Password Day is a timely reminder that passwords are a constant not fixed state, which must be strengthened with additional capabilities and best practices to ensure access to precious data is not provided to malicious actors. The following capabilities are vital for organisations looking to strengthen their data security and data access:
With upwards of 30 billion devices connected online today and ransomware attacks set to occur every two seconds by 2031, data has never been at greater risk of exploitation. Passwords are the first line of defence for accessing data. However, many passwords are currently inadequate and are increasingly exposed to modern cyberattack techniques.
According to the Cyber Security Agency of Singapore (CSA), using “password” as a password takes under a second to hack, but it remains one of Singapore’s 100 most popular passwords. CSA also noted that there is a prevalence of the same passwords being used across multiple accounts. These findings are alarming given that cyberattacks are now firmly a matter of ‘when’ not ‘if’ and malicious actors can access the processing technology they need for as little as US$1,500.
