Weak passwords are a leading cause of corporate data breaches,
Analysis conducted by proprietary password manager Norpress revealed that healthcare is one of the top industries being victimized by hackers and data breaches due to the use of inferior passwords.
According to the study, high ranking business executives and company enders often use weak and easily crackable passwords. “123455,” “password” and “qwerty” were among the most common ones used by C-level executives, managers and business owners.
Researchers studied over 290 million data breaches worldwide and discovered the most common causes were weak or reused passwords, password sharing, phishing, human error and poor cybersecurity infrastructure.
These breaches come with a hefty price tag, as indicated in a 2021 IBM report which studied over 500 data breaches worldwide and stated that healthcare was the costliest industry surveyed at an average cost of $9.23 million.
NordPass recommends using a business password manager, conducting cybersecurity training and enabling multi-factor authentication to help prevent cyberattacks.
“Cybersecurity is a top priority at SpecialtyRx which is why we employ a variety of tactics to ensure the safety and security of our clients’ information as well as our own,” stated Joe Kubulak, Chief Operating Officer at SpecialtyRx.