Weak executive passwords lead to breaches in healthcare

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Healthcare executives are increasingly exposing their companies to more breaches due to weak passwords, a new study reveals.

An analysis by NordPass, a proprietary password manager, found that healthcare was among the top industries that were hacked due to the use of passwords by high-ranking corporate executives and users. passwords weak and easy to decipher.

Independent researchers have analyzed over 290 million data breaches worldwide. They grouped passwords based on job title and industry.

The most common passwords used by senior executives, managers, and business owners included “123455”, “password”, and “qwerty”.

Enterprise data breaches are primarily caused by weak or reused passwords, password sharing, phishing, human error, and poor cybersecurity infrastructure.

Data breaches have also been costly. A report from IBM found that in 2021, the average global cost of a data breach was $4.24 million, 10% higher than in 2020. Attacks that occur due to Compromised credentials cost even more at $4.37 million and account for 20% of all breaches. .

NordPass called on vendors to deploy an enterprise password manager to strengthen password security, introduce cybersecurity training and enable multi-factor authentication.

“It’s amazing how much we all think alike, and this research just confirms that – what we might consider very original, in fact, can put us on the most common list,” said Jonas Karklys , CEO of NordPass, in a statement. statement. “Everyone from teenage gamers to business owners are targets of cybercrimes, and the only difference is that commercial entities, as a rule, pay a higher price for their ignorance.”

For additional coverage, visit The McKnight Business Daily.

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