In this generation, it’s not uncommon to hear about data breaches and cyber-attacks. There are so many ways to protect your personal and company data, but the first level of data protection is setting a password!
BTB Security is a company that specializes in helping companies detect network and password security. Even their founders say that choosing a password is one of the biggest challenges for companies of all sizes! A low-security password can increase the likelihood of a hack or a cyber-attack. Take a look at the seven most common and low-security passwords below!
The word “password” is one of the most common passwords out there. Different variations such as P@ssword and P@55w0rd are also very popular. Although these are easy to remember, it also means that it’s easier for hackers to guess your password and hack your computer. This is actually the first password that most hackers will try when trying to hack your computer.
These consecutive letters on your keyboard are definitely easy to remember, which is why so many people choose this one. Since it’s located conveniently on the upper left corner and has a nice ring to it, hackers will also try this password.
Many people use this series of numbers because it’s so simple and hard to forget—including 98765 or 4567. However, using such simple numbers like these without any variation makes it very easy for hackers to guess your password.
If your business is called “Serafina’s Wedding”, then don’t set your password to “SerafinasWedding1”. This is too simple and predictable.
5. Company Address
Never use your business’ address as your password! Avoid combining company related information, such as your street name and street number (e.g., Main215).
6. Date of Birth
In this day and age, finding a person’s date of birth is so easily accessible online. It’s not difficult to find out. With that being said, do not use your date of birth as your password.
7. Simple, Basic Words
With this one, especially if these words are related to your business industry, it’ll be smart to stay away from these simple words. If you own a sporting goods store, do not use words such as baseball, football, or soccer. If you own an auto repair shop, do not use words such as muffler, tires, or spark plugs as your password.
A good approach to setting up a password is to think of something that is memorable and significant to you, but then to replace some of the letters and characters and create abbreviations. For example, if the first car you ever owned was a 1990 Honda, which is a memorable point in your life, you can create a password that looks something like my1stc@r=honda90.
If your password falls into any of these seven low security category passwords, then it’s time to change your password ASAP! Start thinking of some new passwords to change your password to and keep it safe, complex, but easy to remember for you—not anyone else!
Friendly reminder from KCAL’s commercial insurance experts:
With a high demand in technology in this generation, many clients’ personal data and company information have become targets of organized cybercrime groups, with many businesses falling victim to these attacks and causing huge financial loss. Lack of security have caused many businesses to terminate their businesses, depending on the severity of the situation. Many organizations and companies are unaware of how easy it is for hackers to hack into your company’s systems. Many are neglecting to invest in stronger computer security or firewalls, and virus protection. They are also not investing enough time and money in protecting financial losses and third party cyber-attacks.
With the increase of cyber threats, KCAL’s commercial insurance experts suggest considering purchasing cyber insurance to protect financial loss and potential third party cyber-attacks, especially for businesses in retail, financial, and medical industries. Insurance companies can provide professional assistance and efficient, fast service when an incident like this occurs. Insurance companies can also help deal with covering the losses from business interruption and the costs arising from notifying a data breach, repairing damaged computer systems, credit monitoring, restoring your business reputation, and more. Based on the needs of each business, the coverage can be altered to add defense legal costs and compensation costs from a data breach.