May 19, 2022

Do you know there have been 464 knowledge breaches in Australia from July to December 2021 alone? 

For World Password Day, we spotlight the significance of multifactor authentication, which One Identification says is without doubt one of the finest cybersecurity technique.

As compromised log-in particulars proceed to be one of many largest causes of information breaches, good password hygiene has by no means been extra essential. 

Whereas altering passwords frequently may be one a part of a profitable cybersecurity technique, implementing multifactor authentication is crucial not just for enterprise but in addition private passwords to assist to scale back the danger of those malicious breaches.

Serkan Cetin, APJ Technical Director at One Identification stated: “When discussing good password hygiene, we must also be specializing in ‘authentication’ and never ‘password’ by itself. Issues will come up if we’re counting on passwords alone for authentication. Compromised credentials proceed to be one of many largest causes of information breaches, and for people it may be identification theft and fraud leading to important monetary loss. Implementing multifactor authentication not only for enterprise but in addition private, alongside frequent modifications to log-in credentials, helps to scale back this threat. 

A standard false impression is the assumption that at solely the massive enterprises or governments are a goal for attackers, and people or small to medium companies are much less in danger. This isn’t true, and attackers proceed to make use of new strategies equivalent to refined scams and different techniques in opposition to any measurement organisation and people. The Australian Competitors and Shopper Fee has reported that Australians have misplaced over $323 million to scams in 2021. 

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In Australia, The Workplace of the Australian Info Commissioner has reported 464 knowledge breaches from July to December in 2021. It is very important point out that human error brought on 190 of these breaches, growing by 43% in comparison with the earlier interval. 65% of the cyber safety incidents reported concerned the usage of compromised credentials, which is a slight enhance from the earlier reporting interval.

Whereas passwords alone aren’t a very safe technique of safety, and multifactor authentication different applied sciences are beginning to acquire wider adoption, good password hygiene remains to be essential as many programs at present proceed to depend on password-only authentication. It’s vital to recollect these password fundamentals to make sure your private and company knowledge is secured:

  1. By no means reuse passwords or derivatives of the identical password
  2. Use complicated and longer passwords, or use a passphrase
  3. Use a robust password alongside multifactor authentication the place potential.