How To Reduce Cybersecurity Risks from Stolen Employee Logins

by | Cybersecurity

A Google survey found that about 65% of internet users use the same passwords for multiple services. Such poor password hygiene provides an easy passageway for cybercriminals. Once a password is stolen or becomes decoded by cybercriminals, they can access accounts on other services with the same login credentials, including your business. As high as 90% of small to mid-sized businesses have some combination of email addresses, passwords, or other PII data exposed on the Dark Web. How can you reduce cybersecurity risks from stolen employee logins?

Implement Multi-Factor Authentication. Even the strongest and most complex passwords won’t protect you if they have been compromised and exposed on the Dark Web. Requiring users to verify who they say they
are via two or more unique security factors will virtually eliminate more than half the threats and risks associated with exposed user credentials.

Consider Single Sign-On (SSO) and Password Management Solution. The combined benefits of a Secure SSO and Password Management platform will enable your entire workforce to adapt and thrive in a security-first environment while reducing password frustration and fatigue for users and empowering increased productivity.

Ongoing Security Awareness Training for Users. Users continue to be the weakest link in security for businesses worldwide. This is often due to genuine ignorance regarding security best practices and a lack of knowledge or awareness of common threats and risks. Establish ongoing security awareness training
for all users and turn your weakest link into your strongest security defense.

Perform Regular Risk Assessments. A comprehensive audit of your business infrastructure and systems will inevitably reveal vulnerabilities and security gaps within your network, applications, or on your devices.
Performing regular assessments will allow you to stay in the know and enable you to achieve and maintain a more preventative approach to security, often eliminating issues or problems before they arise.

Proactively Monitor for Breaches and Cyber Threats. Cyber threats continue to increase and evolve, and hardware and software vulnerabilities are discovered regularly, exposing your business to a steady barrage of security risks. To adopt a proactive and preventative approach to cybersecurity, your business must have
visibility and insight into both internal and external activities, trends, and threats to the network and data.

Back Up Everything. It is imperative that you ensure your business and customer data is protected and secured against any incident or disaster such as system failure, human error, hackers, ransomware, and everything in between. In addition, make sure you explore the importance of accessibility
and consider investing in business continuity as part of your backup strategies.

Invest in Cyber Insurance. Sometimes things do not work out no matter how much effort you put into them. As a business, you must do everything right. However, a hacker only needs a single gap or weak point in your security systems to slip past your defenses like a trojan horse. Every business in operation today needs cyber liability insurance to protect their business when all else fails.

Uh oh, your employee login credentials are exposed on the Dark Web! How does it happen? How does it put your business at risk? How can you correct or minimize the risks and potential damages? Join us for further conversation on Compromised Employee Credentials on Tuesday, April 27th at 10:30 CST.
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Dark Web Threats Against Businesses

Dark Web Threats Against Businesses

Pearl Solutions Group President & COO, Floyd Bell, and ID Agent's Samantha Yip discuss: How a compromised credential can lead to a data breach and what cybercriminals do with a credential once obtained. Current landscape of threats against businesses and how they...

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