OneLogin’s recent survey studied the habits of 600 IT professionals in the UK and US, and found that the password hygiene of most employees needs improvement.
Tactics with cyber-attacks are constantly changing, as hackers are evolving substantially. However, a constant for attackers is to target passwords.
Some businesses have projected $1 trillion will be spent globally on cyber-security between 2017 and 2021. Hackers cost the global economy more than $111 billion annually, creating massive implications on corporations.
Even more surprisingly, breached companies were down 15.58% after three years of an attack.
The challenges for companies when creating passwords are:
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60% of those small businesses will fail within their first five years.
The number of reported breaches is up 54% this year compared to the same period in 2018.