Are You One Password Away from a Data Breach?

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Prioritize Access Control

Companies may use hundreds of applications as part of their day-to-day operations, and it can be difficult to manage who has access to what information. It's critical to keep track of the apps used across the organization and be sure to assign access privileges based on roles. Access control is also often overlooked when it comes to off-boarding employees. All off-boarding processes and plans should specifically outline password and access updates so terminated employees no longer can log in to key accounts. IT pros should also create a clearly defined process for improving and maintaining app security. This will ensure the appropriate levels of approval for granting access to accounts as well as increased transparency into who can access what.

With more activity happening in the cloud and employees more frequently working remotely or from a mobile device, IT pros are constantly challenged to keep data secure. The volume and frequency of data breaches is evidence enough of the risks facing today's businesses. For instance, the Identity Theft Resource Center (ITRC) reports that the number of U.S. data breaches tracked in 2015 was more than 750.

A data breach will certainly have an impact on a company's reputation and credibility. But what are the tangible implications of a data breach? According to an IBM-sponsored study conducted by Ponemon Institute, the average cost paid for each lost or stolen record that contained sensitive and/or confidential information was $154. In a single attack, a hacker could gain access to hundreds of thousands of accounts, the cost of which can add up quickly.

Cybersecurity is a key issue for every business, and outside of large enterprises, most companies have a small IT team charged with managing security, in addition to their other responsibilities. To help improve overall cybersecurity practices, the first line of defense is often an educated user with strong password practices. In this slideshow, Joe Siegrist, VP and GM, LastPass, has identified ways IT pros can better manage access and improve user password security practices.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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