"The Password Reuse Problem is a Ticking Time Bomb"
Password reuse is an understandable human behavior, however it is a big issue. In a current study, it has been found that a staggering 50 percent of users use the same passwords for their personal and work accounts. It was also identified that 65 percent of people use the same password for multiple or all accounts. In the first six months of 2019 alone, data breaches exposed 4.1 billion records and, according to the 2018 Verizon Data Breach Incident Report, compromised passwords were responsible for 81% of hacking-related breaches. Organizations need to make good password hygiene a priority to ensure that passwords are not a weak link in their security posture. To do this every user, system, application, service, router, switch, and IP camera should have a unique, strong password. One should make sure users select strong passwords that are not vulnerable to dictionary attacks. It is also suggested by NIST that companies verify passwords used, to make sure they are not compromised before they are activated and one should check the status of used passwords on an ongoing basis. If a password is detected to have been compromised, then the password needs to be changed immediately.
Help Net Security reports: "The Password Reuse Problem is a Ticking Time Bomb"