CySecurity News – Latest Information Security and Hacking Incidents
A new survey conducted by identity management vendor Hitachi ID discovered that nearly 46% of IT and security enterprises store corporate passwords in office documents like spreadsheets making them vulnerable to a significant cyber threat. Hitachi ID surveyed 100 executives across EMEA and North America to recognize better how secure their password management is.
It indicates that IT leaders aren’t practicing what they preach because almost all (94%) participants asserted they need password monitoring training, with 63% claiming they do so more than once a year.
“It raises an important question about how effective password management training is when nearly half the organizations are still storing passwords in spreadsheets and other documents, and 8% write them on sticky notes,” stated Nick Brown, CEO at Hitachi ID. Insecure passwords are still a leading cause of cyberattacks, and education alone is clearly not enough. More companies need to follow the lead of the 30% who report that they store passwords in a company-provided password manager.”
Nearly Half of Security Enterprises Store Passwords in Office Documents