According to our most recent State of Software Security Report, the financial services industry has fewer security flaws in its applications than last year. Great news, right? That said, the reduction in security flaws isn’t as significant as we would hope to see. The financial services industry has traditionally been recognized for having the least amount of security flaws.
Can you remember your first email? Either sending one, or receiving it? I certainly remember explaining to people what email was, and I also remember someone telling me they could live without their email server for “about a month before it becomes a problem”. Can you imagine that now? A month without email?
In recent times, the widespread use of cloud services has become common for most organizations. While many organizations now enjoy the savings and convenience afforded by hosting their data and services on cloud platforms, this shift towards the cloud brings with an increased vulnerability to data theft and cyberattacks.
Organizations should implement consistent cybersecurity practices to protect their businesses and employees. Password sharing is a common but risky practice in many workplaces that can leave companies vulnerable to a data breach. Sharing passwords is sometimes unavoidable in the workplace, since many businesses often need multiple employees to access a single user account.
The stronger your password is, the harder it will be for cybercriminals to it. It might be difficult to come up with secure passwords for the multiple logins required for online banking, credit cards, email accounts, social media and more. People establish easy-to-remember passwords that include their names, the names of their spouses and children, phone numbers, hometowns and other simple information.