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BusinessRobust password reduces cyberattacks by 60%

Robust password reduces cyberattacks by 60%

Published: 16th Sep 2021 1:11 pm

Hyderabad: Majority of the cyberattacks happen due to a weak password policy and a recent analysis shows that implementing a robust password policy reduced likelihood of being attacked by 60 per cent. Kaspersky’s new Incident Response Analytics Report demonstrates that just implementing an appropriate patch management policy decreases the risk of incidents by 30 per cent, and a robust password reduces risk by 60 per cent.

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“While the importance of regular patching and updates, as well as the use of strong passwords, is common knowledge for those who have even a little understanding of cybersecurity, these aspects remain weak points in a large number of organisations and provide a way for adversaries to penetrate a company’s system. As a result, security issues with passwords and unpatched software combine into the overwhelming majority of initial access vectors during attacks,” said the report.

The report mentioned that brute force attacks have skyrocketed from 13 per cent in 2020 to 31.6 per cent in 2021, perhaps due to the pandemic and the boom of remote working. The second most commonly seen attack is vulnerability exploitation with a 31.5 per cent share.

“Protective measures alone can’t provide holistic cyber defense. Therefore, they should always be combined with detection and response tools that are able to recognise and eliminate an attack at an early stage, as well as address the cause of the incident,” says Konstantin Sapronov, Head of Global Emergency Response Team. 

To minimize the chances of penetration, Kaspersky recommends:

· Implementing a robust password policy, including multi factor authentication (MFA) and identity and access management tools

· Regular updates of vulnerability details from software vendors, scanning the network for vulnerabilities and patch installations are crucial for the security of a company’s infrastructure

· Conducting comprehensive and effective third-party training programs for employees

· The use of advanced security services allows businesses to reduce the cost of attacks and prevent undesirable consequences.   

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