When the average person has more than 150 online accounts, password fatigue is a reality. It’s tempting to use simple passwords or the same password for several accounts instead of creating unique passwords for each account. Password complacency, however, can lead to devastating consequences for individual users and businesses.
For individuals, the loss of valuable personal, financial, and medical information can have long-lasting financial and reputational repercussions. Victims may find themselves unable to buy a car, rent an apartment, or secure a mortgage; they can even be denied critical medical services. For many, it can cost time and money to restore their good name and get their lives back on track.
When cybercriminals gain unauthorized access to an organization’s data, the consequences can be severe. Businesses can experience a significant loss of revenue, intellectual property, and disruption to operations, as well as incur regulatory fines and sustain reputational damage.
Hackers are becoming increasingly sophisticated in the way they steal passwords.
