As a business owner, you know how important it is to keep your business data safe and secure. Perhaps you have already even invested in cybersecurity solutions such as antivirus platforms and firewalls. But, do you have a password management system? A lot of companies spend sizable amounts fortifying their IT infrastructure, but end up ignoring this one basic element--passwords. In reality, password security should be a bedrock of any cybersecurity planning they undertake. Research points out that more than 80% of data breaches happen due to password hacking, meaning that poor password hygiene is responsible for a majority of cybercrimes that follow data breaches. To make sense of this statistic better, let’s first look at what constitutes poor password hygiene.

Using simple passwords

Often passwords that are easy-to-remember are easy-to-hack. Do you use passwords such as password, password1234, delta123, etc.,? If yes, then you should be changing them at the earliest to something less obvious.

Repeating passwords across platforms

As another solution for remembering passwords, people tend to use one, single password universally. This dilutes the password even if it is a strong one. Plus, there’s always the risk of the password being hacked at one place and putting the data stored at all other places also at risk.

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