How important is password security?
Kasi Viswanath P.
Cybersecurity Specialist | Cyber Awareness | AI | Information Security | Endpoint Security | SOC | Cloud Security | Pre-Sales | Solution Sales | Govt. Sales | CISM | Microsoft Security Architect | Security + |PCNSE | CEH
Meet Alex. Alex is an accountant at a small accounting firm. One day, Alex woke up to find his bank account empty. All the money he had saved up for years had vanished overnight. He was devastated and had no idea how this could have happened. After some investigation, it was discovered that Alex's password had been compromised. He had been using the same password for all his accounts, and it was easy to guess. Someone had used this password to access his bank account and transfer all the money out.
Unfortunately, Alex is not alone. According to a study by Verizon, 81% of hacking-related data breaches are due to weak or stolen passwords. And it's not just individuals who are at risk. In 2019, Capital One, a major US bank, experienced a data breach that exposed the personal information of over 100 million customers. The cause? A weak password is used by a company employee.
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