Strengthening Your Business’s Security:

The Top Password Mistakes Business Owners Make

Make sure that you aren't falling into these common password pitfalls:

  • Using Weak Passwords
    • Avoid using easily guessable passwords. For example, if your password is "123456" or "password," you're opening your business wide open to cyberattacks.
    • Instead, use a strong, unique password with a mix of upper and lowercase letters, numbers, and symbols.
    • AI is strengthening the bad actors by giving them a simple tool that makes it very easy to break most passwords.
  • Reusing Passwords Across Accounts
    • Reusing the same password for many accounts increases the risk of a security breach. One compromised account could lead to a domino effect of unauthorized access.
    • Make sure each account has a different password.
  • Not Changing Passwords Regularly
    • Old passwords are more susceptible to hacking attempts.
    • It is essential to update your passwords regularly to lower the risk of unauthorized access.
    • Aim to change your passwords at least once every three months.
  • Best Practices for Password Security
    • The most secure businesses have sound security habits and practices.
    • You can be one of them by doing the following:
  • Use Two-Factor Authentication
    • Two-factor authentication requires a user to provide a second form of verification.
    • The added protection comes as a text message code or fingerprint.
    • Encourage your employees to use two-factor authentication for all accounts when possible.
  • Use a Password Manager
    • A password manager can help you generate and manage passwords for your accounts.
    • This tool enables you to use complex passwords without the hassle of remembering them.
  • Educate Your Employees
    • Make sure your employees understand the importance of password security.
    • Provide them with guidelines to create and maintain strong passwords.

 

Additional Information

 15 Tips for Improving Passwords

Bookmark this resource: BusinessTech Weekly

 

My Perspective

Password security directly impacts your company's safety and reputation. Cyberattacks can result in financial losses amounting to thousands or even millions. It can also damage your credibility in the eyes of clients and partners.

Strong password security protects your business's data and maintains customer trust. In short, robust passwords serve as a critical barrier against cyber criminals.

Common password mistakes put your business at risk. You can reinforce your business's security by implementing better password practices. If your team follows these guidelines, you will protect your company's data and reputation. Strive to improve security continuously — it's an investment in your long-term success.

 

"Don't judge each day by the harvest you reap
but by the seeds that you plant." -Robert Louis Stevenson 

 

By Denis Wilson

Cybersecurity Expert, Small Business Technology Consultant, Managed Services Provider, Managed IT Support

Thanks for reading this post. I always take into mind that your time and attention are precious. And these posts need to be timely, to the point, and short. For more tips on thriving with small business technology, check out the other blog posts at DWPIA Blogs. You can also find me on LinkedIn, YouTube, and Facebook. 

I am also a published author and speaker on cloud computing, work-from-anywhere, and cybersecurity. I work extensively with business and professional associations to provide small business technology education programs.

 

Contact me if you have any questions about the subject.
I'd be happy to spend 15 minutes discussing it with you.

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