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10 More Facts About Passwords You Need To See

July 14, 2021

These 10 Password Facts Demonstrate The Importance Of Password Hygiene

One of any company’s most precious commodities is its passwords. When cybercriminals get one through any means including phishing, they have a key to your front door – and right to the heart of your business if they snatch a privileged credential. Bad passwords and exposed passwords notch up the risk of a disaster – and so does poor password hygiene. Password risk is a real minefield for businesses. Our original list of password facts showed just how much risk businesses face from password pitfalls. Here are 10 more facts about passwords that you’ll want to see before adding a new secure identity and access management solution. 

10 More Facts about Passwords That You’ll Want to See 

  1. Microsoft says that 99.9% of password-based threats can be stopped with multifactor authentication. 
  2. Credentials were the top type of information stolen in data breaches worldwide in 2020
  3. Approximately 60% of data breaches involve improper use of credentials
  4. Over 40% of respondents in a 2020 study said that their organization had been compromised because of a bad, stolen or cracked password.   
  5. An overwhelming majority of passwords fit into one of 20 common categories. 
  6. More than 40% of organizations rely on sticky notes for password management. 
  7. About three-quarters of employees reuse work passwords for their personal accounts 
  8. On average, 20% to 50% of all IT help desk tickets each year are for password resets. 
  9. An estimated 60% of passwords that appeared in more than one breach in 2020 were recycled or reused. 
  10. Almost 25% of breaches were the result of credential stuffing in 2020

Fast Password Creation Facts

10-more-facts-about-passwords-you-need-to-see.pngAs we saw in the 10 more facts about passwords list above, employees will choose memorability over security when making a password every time. That’s why we thought you’d probably also want to see these facts about how bad passwords are born.

Most passwords originate from these groups – 59% of Americans use a person’s name or family birthday in their passwords, 33% include a pet’s name and 22% use their own name. In addition, the average user reuses that bad password about 14 times! 

Based on an analysis by ID Agent of the top 250 passwords found, the following categories of information were used to generate the weakest passwords in 2020: Names, Sports, Food, Places, Animals, and Famous People/Characters.

Contact us for information on our Security Awareness Training for your staff, which will educate your employees on important topics such as password health, phishing awareness, social engineering and more. If you’d like to schedule a 15-minute consultation with one of Optistar’s Senior IT Consultants, visit here, as they’d be happy to answer any questions you may have or give you details on our cyber security solutions.

— ID AGENT

Don’t miss our other articles for tips and alerts regarding Cyber Security on our blog section here:

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