12 Password Best Practices For Your Business in 2022
In this day and age, the business world is heavily reliant on digitalization, and the use of technology in your business is certainly unavoidable. Although technology can undeniably give your business a cutting edge in increasingly competitive markets, there are many other critical areas to monitor.
This is why interest in cybersecurity has risen in recent years. Password protection is the best place to start if you want to ramp up your cybersecurity. Setting a password to secure your business data is called password protection. Only those with passwords, you can access information or accounts once the data is password-protected. However, because of the frequent use of passwords, people tend to overlook their significance and make careless mistakes, which could lead to breaches in security. This makes it imperative for businesses to devise strategies to educate their employees about best practices when using and creating business passwords.
6 Password “Don’ts”
Here’s how you can protect the confidentiality of your passwords by following these six password “don’ts”:
1. Don’t write passwords on sticky notes
Although you may feel that writing down passwords improves password protection and makes it more difficult for someone to steal your passwords online, it can make it easier for someone to steal your passwords locally.
2. Don’t save passwords to your browser
This is because web browsers are terrible at protecting passwords and other sensitive information like your name and credit card number. Web browsers can easily be compromised and a wide range of malware, browser extensions and software can extract sensitive data from them.
3. Don’t iterate your password (example, FastWalker1 to FastWalker2)
Although this is a common practice among many people, it is unlikely to protect against sophisticated cyberthreats. Hackers have become far too intelligent and can crack iterated passwords in the blink of an eye.
4. Don’t use the same password across multiple accounts
If you do so, you are handing cybercriminals a golden opportunity to exploit all your accounts.
5. Don’t capitalize the first letter of your password to meet the “one capitalized letter” requirement
Out of habit, most of us tend to capitalize the first letter of our passwords to conform with the “one capitalized letter” requirement. However, hackers are aware of this, making it easy for them to guess the capitalized letter’s position.
6. Don’t use “!” to conform with the symbol requirement
However, if you must use it, don’t place it at the end of your password. Placing it anywhere else in the sequence makes your password more secure.
Here are 6 Passwords “Do’s”
1. Create long, phrase-based passwords that exchange letters for numbers and symbols
For instance, if you choose “Ilovemypuppy,” write it as “[email protected]^pu99y.” This makes your password harder for hackers to crack.
2. Change critical passwords every three months
Passwords protecting sensitive data must be handled with extra caution because there is a lot at stake if they are compromised. If you use a password for an extended period of time, hackers may be able to crack it. Therefore, make sure you change your critical passwords every three months.
3. Change less critical passwords every six months
This necessitates determining which password is crucial and which is not. In any case, regardless of their criticality, changing your passwords every few months is a good practice.
4. Use multi-factor authentication (MFA)
It’s your responsibility to do everything in your power to keep nefarious cybercriminals at bay. One of the best approaches is to safeguard them with multiple layers of authentication.
5. Always use passwords that are longer than eight characters and include numbers, letters and symbols
The more complicated things are for hackers, the better. Here’s another example: “Thi5i6h&8%$lkj00”
6. Use a password manager
A password manager can relieve the burden of remembering a long list of passwords, freeing up time for more productive tasks.
Need a password manager? We can help. Adhering to password best practices requires constant vigilance and effort on your part. As a result, it is best to work with an expert managed service provider like PACE Technical who can help you boost your security and put your mind at ease. Contact us here for any questions about password management solutions for your GTA business.