The standard approach to password security in the workplace has failed. Even worse, businesses aren’t responding to that failure quickly enough. For most people, the fear of forgetting a password far outweighs the seemingly- remote risk of getting hacked. Whether passwords are old, weak, reused, or compromised, password mismanagement is the leading cause of breaches. With over 4.2 billion credentials leaked in 2016 alone,4 attackers can easily use stolen passwords to access a corporate network and steal data.
Just one reused password can compromise an entire organization. The problem is not new, and worsens every year as breaches impact companies of all sizes, across every industry. Alarmingly, despite the data, businesses are not prioritizing this password security crisis.