In the face of a looming recession, companies are hunting for ways to reduce costs and increase efficiency. The pressure is particularly felt by IT departments. In addition to reducing technology costs and investing as little as possible, they must adapt quickly to evolving user needs. Several reasons have led companies to cut costs recently: Your IT department can be prepared for whatever comes next by selecting the right set of tools based on your needs.

Password security, though sometimes underrated, is crucial for an organization to remain viable in the vast digital landscape. A popular quote on the internet says, “A good neighbor is someone who does not put a password on their Wi-Fi.” However, for a good company, the opposite holds true, as they must thoroughly secure all their resources.

We all have a lot of passwords to keep track of on a daily basis, whether they’re for shopping websites, emails, social media, or the workplace. It’s practically impossible to remember login information for each of them. But without these crucial bits of data, we can’t get to where we need to go online. It is estimated that over 300 billion passwords are currently in use, which equates to around 38.4 passwords per internet user.

In today’s increasingly digitized world, cybersecurity has become an essential concern for individuals and businesses alike. With more and more data being transmitted and stored online, the risk of cyberattacks and data breaches has never been higher. The field of cybersecurity is rapidly growing and evolving, with new technologies emerging all the time.

Over the past few years, IT companies adopted IoT, wireless and hybrid networks to stay competitive and to meet the demands of their clients. Among these networks, wireless networks are the most common and the most vulnerable to cyberattacks as hackers constantly try to penetrate them. A cyberattack is initiated by planting a rogue device in your organization’s network.

Unfortunately, for LastPass and its users, this nightmare became a reality in August 2022 when a developer account was compromised. This led to a series of events that ultimately led to the exposure of sensitive customer data. A hacker exploited an employee to access the company’s data. But get this: the hacker exploited a three-year-old vulnerability that wasn’t patched. That’s like leaving your front door wide open for three years and being surprised when a burglar walks right in!

Ransomware has become a significant threat in today’s digital landscape, with cybercriminals using it as an effective means of making money, often with a low cost and high profit margin. Victims rarely recover their stolen data in full, despite promises from the perpetrators, so most of the time paying the ransom is not a viable solution.