How strong are your passwords? Chances are they aren’t as secure as you think, especially if you use the same password for multiple sites or accounts. Keep reading, and we will explain why it’s important to use different passwords and how it adds a layer of protection to your personal and business accounts.
Why your Passwords Are Easy to Hack
Did you know that a 2019 study in the US showed that 66% of adults use the same password for multiple accounts? That’s not even the worst part. This study also reported 59% of Americans use their name, birthday or pet’s name in their password and 24% use “password” or “123456” in their password.
Poor passwords aren’t the only problem. Sharing your passwords with others, such as a family member or significant other, makes your information less secure. Failing to change your passwords regularly also makes you and your business more vulnerable to a cyber attack.
What Happens when your Passwords Are Hacked?
If you do any (or all) of the above and use the same password for multiple accounts, you could be making yourself susceptible to a data breach.
If your accounts are compromised, your identity could be stolen, costing you time, money, or even your business. In fact, you might be more vulnerable than you think you are. Statistics show that 43% of SMBs are the target of a cyber attack. Unfortunately, only 40% of SMBs last more than six months after being breached.
How Can I Make my Password Stronger and Keep my Accounts Safer?
There are a few simple things you can do to increase your account login security.
Update your passwords regularly. Implementing a strategy for updating your personal or business passwords regularly will help keep your data more secure. We recommend you update your passwords every 90-180 days.
Use Two-Factor Authentication. This is also referred to as two-step verification. This is a process that requires you to verify your identity before you are able to login to your account. This can be done by answering security questions or having a security code emailed or texted to you.
Consider using a password manager. Services like dashlane and LastPass will generate strong passwords and manage them for you.
At the end of the day, how important is your personal information or business to you? If you find yourself struggling to manage everything your team needs to succeed, consider hiring a team of professionals to manage your IT for you.