i-Sight, April 23, 2020– 11 Cybersecurity Threats for 2020 (Plus 5 Solutions)

According to the 2018 Varonis Global Data Risk Report, 65 [percent] of companies use over 500 passwords that never expire.

“These accounts have a higher risk of showing up in online password dumps with valid passwords. Privileged and service accounts with non-expiring passwords are a cyber criminal’s best friend,” says Steve Tcherchian, CISSP and Chief Information Security Officer for XYPRO.

While “ensuring these passwords are stored properly, changed regularly, meet complexity and compliance requirements and are audited can be overwhelming to implement and manage,” companies can’t afford the potentially devastating data breaches poor passwords could cause.

To mitigate risk, Tcherchian suggests using two-factor authentication. This simple change makes it much harder for cybercriminals to breach your systems. Employees might be hesitant to use it at first, but “until we shift our mindset and sacrifice a little bit of convenience for a massive amount of security, attacks on privileged credentials will continue and increase in 2020.”

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