Is your password putting you at risk?

One major cause of data breaches is the stolen password. Once hackers have an email address and password, a world of possibilities are open to them. The dangers are not just limited to the account they have access to. Their hacker’s next steps usually include not only selling the details to other criminals but also “credential stuffing”; taking the login details for one account and trying it on others. Imagine if your ISP account was hacked – your work email, online shopping and other accounts most people possess would be targeted.

Companies would do well to introduce Two Factor or Multi-Factor Authentication to protect their employee and customer digital identities. Put simply, this requires another authentication criteria to be satisfied before granting access to a site or account. Many large corporates are turning to 2FA to help derisk their customer’s exposure to a data theft. Sony Playstation, Apple, Instagram, and Gmail all offer this additional security measure.

Simply put Two Factor Authentication, requires two out of three regulatory-approved authentication variables such as:

  • Something you know (such an email password).
  • Something you have (the physical bank card or an authenticator token, which can be hardware or digital).
  • Something you are (biometrics like your finger print or iris pattern).

The majority of attacks come from remote connections and 2FA can make distance attacks much less of a threat because accessing passwords is not sufficient for access and it is unlikely that the attacker would also possess the physical device associated with the user account. Take the Dropbox account holder hack for example. Hackers are unlikely to take your credentials and use them successfully on a second website if they are asked to provide a unique one-off code. It’s just too much work for them unless the gains are incredibly high. Each additional authentication factor makes a system more secure. Because the factors are independent, compromise of one account should not lead to the breach of others.

If your employer has a significant online presence, I would urge them to explore the potentials gains of 2FA. Of course KeyIdentity offers multiple solutions here, but irrespective of vendor the key principle is passwords alone are insufficient to provide adequate safeguards in the face of threats are expanding in scope and volume. Authentication should be able to perform whether you are online or offline, and in way that minimises user disruption. One of my favorite examples is Blizzard, the company who create games such as World of War Craft and Diablo, have a free authenticator, and it seems to work very effectively.

To sum up, if you want to avoid data about yourself, your company or organization and your customers being accessed:

  • Make your password non predictable and use unique passwords for each and every application
  • Check the privacy settings on any social media accounts, and turn them on if you haven’t already
  • Don’t use real birthdays and other identifiable data unless you really need to. Receiving a “Happy Birthday” email from a loyalty card provider a few days early or late is preferable to sharing a major personal identifier.
  • Do not enter easy answers to password forgetten questions. Best case choose something as answer that has nothing to do with the question at all. An example: What is the name of your dog? Answer:”I love companies that makes it so easy to attackers to steal my identity”.
  • Explore the benefits for 2FA or MFA inside your organization and look for it when you sign up for a new online service or similar.

Lastly, stay alert to any news of data breaches and immediately change your password or create a new account if you believe you have been affected. Don’t forget to also consider where else you may have used the same password and personal details. Hackers are constantly trying to get the better of us, so don’t give them any extra chances to succeed.

 

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