Password Security

Bad password management remains one of the leading causes of cyberattacks on business – ever since computer technology underpinned our working environments, the door has always been open for cyber criminals. Today that opportunity for cyber criminals has increased dramatically with the threats becoming more severe.

Many employees will rely on weak passwords or use the same password over multiple accounts, leaving them – and your business vulnerable to attack. Various reports suggest that over 80% of all data breaches are caused through compromised passwords – the consequences of which range from corruption of files and data, financial loss, legal repercussions or reputation damage.

If your business is not adopting a password strategy then you are creating more opportunity for the cyber criminals, making your networks and sensitive data more exposed.

Your company may be at risk!

See how with our FREE Security Audit

What are the main threats from poor passwords?

The impact of a poor password policy on a business can be severe. Here are some of the ways a weak password policy can impact a company:

Data Breaches: A weak password policy can lead to data breaches, allowing cybercriminals to access confidential information. This can result in significant financial losses and damage to a company’s reputation.

Unauthorised Access: Weak passwords can be easily guessed, enabling unauthorised access to company resources. This can result in the theft of sensitive information, such as intellectual property and financial information.

Compliance Issues: Many industries have regulations in place regarding data security. A weak password policy can lead to non-compliance, resulting in fines and legal action.

The aftermath of a breach due to a poor password can threaten the existence of a business – stolen customer data, financial data, destroyed files all have an obvious impact on a business in the short term, but over the longer term reputational damage can become a factor where customers no longer feel safe working with your organisation. Sometimes the far-reaching consequences can be more detrimental.

How can you improve your password policy?

Enforce Password Complexity Rules

Ensure that all employees to adopt longer and stronger passwords, at least 12 characters long including a mix of uppercase, lowercase, numerals and special characters, avoiding all the obvious, predictable and guessable ones.

Implement Two-Factor Authentication

With two-factor authentication, you add an additional layer of security that requires users to provide two forms of identification to access a particular account – for example, a password and a code sent to a mobile device or email.

Educate Employees on Cybersecurity Best Practices

Provide employees with training on cybersecurity best practices, including how to create strong passwords, and why it is a practice that benefits the organisation

Regularly Change Passwords

Employees should regularly change their passwords, ideally every 60 to 90 days.

LoughTec currently provides cyber support to a number of businesses and organisations in a variety of industries throughout Northern Ireland and the Republic of Ireland. We support enterprise scale organisations with £500m turnover and small companies with a more regional focus, all through the implementation of our LoughTec Security Operations Centre (SOC)

Security Operations Centre

How the LoughTec SOC can protect your business?

The LoughTec SOC is responsible for detecting, analysing and responding to security incidents in real time delivered through software, technology and (human) security analysts. In addition to 24/7 monitoring and management, the SOC helps organisations maintain
security policies and procedures, deliver training and provides regular reports on our customers security posture.

Here’s how it works:

Step 1.

No obligation, no cost initial consultation to review your current security protocols, enhanced potential requirements and your main concerns.

Step 2.

Deploy the LoughTec System Security Scan for a deep dive on your current cyber posture as well as your threat risk score and analysis.

Step 3.

Review all findings and create our joint cyber security action plan to mitigate the potential risks.

Step 4.

Implement the required tailored cyber improvement plan and resolution actions for your business.

Step 5.

Ongoing LoughTec account management updates with additional training and support tools and plans available.

Our advice to every business is that you need better visibility of your security posture and an understanding of the implications to your business of a data breach, malware or ransomware or any current threat.

Remember cyber threat is a real and constant – there is a good chance that you have already been hacked. If not yet, you definitely will be. It’s important to know that your network is being monitored 24/7/365 – just like you would for your property or plant.

Cyber protection is an investment, not an expense – the LoughTec SOC can protect your most valuable business assets from as little as from as little as £4/day.

For more information and to book a free no-obligation consultation email
or call 0800 158 2337

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