If you run an IT business, no doubt you have heard of the importance of password security. Password security is the first barrier between you and others who are trying to access company data. So today, the team at Succurri is here to tell you everything you need to know about password security for your business.
Password Security Explained
Password security deals with two main issues: password creation and password management. How to create a secure password is almost as important as how to make a password secure with proper password management.
Password creation is important because a unique strong password is a better defense against hackers. Research has found that the ideal length for passwords is 16 characters, which are a combination of letters, numbers, and symbols. Passwords should also not include any identifying information of the individual, such as names, birthdays, or addresses.
Password management is how you manage and store passwords. Many security breaches occur when people negligently leave their passwords in places others can find. Every business that deals with sensitive digital information should have protocols on proper password management for employees.
Why Is Password Security Important?
Password security is extremely important for businesses that deal with sensitive or confidential information. For instance, companies that utilize customer data need to safeguard access to that data behind password protection. Weak passwords and bad password management can allow hackers to steal employee passwords and access confidential information.
The Impact of Stolen Passwords
If hackers breach password security, it can result in significant revenue loss and damage to company reputation. Customers are less likely to work with a company that has a history of inadequate cybersecurity practices.
These negatives can most severely affect small to medium-sized businesses. Small businesses are less likely to have robust cybersecurity protocols and feel as if they are not high-risk targets. The global average cost for a security breach is $4.35 million, with a US average of $9.44 million.
Lastly, security breaches could result in the loss of critical business data and infrastructure. If data is leaked, it is incredibly difficult, if not impossible, to return it.
The Top 4 Password Strength Checkers
Businesses can ensure password security by using password checkers. Below is a list of the best password strength checker apps for businesses and individuals. NordPass
NordPass is one of the most well-known password checkers and managers. The app supports multi-factor authentication, data breach scanners, and secure credential sharing for team work. NordPass also allows for unlimited passwords and a password health checker.
Kaspersky Password Strength Meter
The Kaspersky Password Strength Meter is another popular password security checker that is very simple to use and read. The tool takes your password and gives it a ranking on a red/yellow/green meter. Green indicates a strong password that is difficult to crack.
Last Pass
Last Pass’s password manager tool lets you secure all your passwords in the same place. Their business package allows effortless password management between team members and protects sensitive customer information.
UIC Password Strength Checker
The UIC Password Strength Checker is another simple tool that tests your password on your local machine. This tool simply takes your password and gives it a score and ranks its complexity.
Succurri: Your One-Stop-Shop for IT Security
Succurri is your go-to IT merger and acquisition expert. If you are thinking about selling your IT company, we can help make sure you get the best value for your venture. With no upfront fees and no cancellation fees, you can count on us for honest confidential work.
Contact us online or call today to discuss selling your IT company!
