Quotes Icon

Andrew M.

Andrew M.

VP of Operations

"We use TeamPassword for our small non-profit and it's met our needs well."

Get Started

Table Of Contents

    The Importance of Responsible Password Management

    September 1, 20223 min read

    Password Management

    Reports of cybersecurity threats to small businesses continue to rise, but many companies aren’t feeling the urgency.

    Table of Contents

      The Stats

      Hackers compromised 30 million Facebook accounts in 2018. Roughly 70% of internet users use the same password on multiple accounts. Spot the problem?

      Are you confident your employees are not using the same password for Instagram as they are for their Hootsuite or company dashboard logins? 

      The most recent Cisco breach was made possible by an employee saving work passwords in their browser; not as heinous a security crime as reusing passwords, but unsafe enough that the attacker was able to use the password stolen from the employee’s browser, phish MFA authentication, and get into Cisco’s systems all the same.

      So what’s the point of all these stats and scare stories? 

      If you’re not providing employees with a password management solution and educating them on how to use it, your business will eventually fall victim, through one avenue or another, to a cyberattack. 

      And according to the latest data, that will cost your business anywhere from 38k to over $4.35 million

       

      Here are a few more stats to arouse your caution:

      • Ransomware attacks happen every 14 seconds.
      • 43% of cyber attacks are targeted at small businesses, while 60% of those that are targeted go out of business within 6 months. 
      • 65% of large companies have over 500 employees that have never changed their passwords. 

      The Solution

      If you aren’t using a password manager, get one. If you are, use its features.

      Set a schedule for updating your passwords. Many breaches happen months after the data is stolen. By updating your passwords, you may be foiling all the attacker’s hard work. 

      The cost of security breaches often results from businesses not having a Cyber Security Incident Response Plan. While it takes time and thought to set up, it will save you thousands or millions in the event of an attack.

      Phishing emails are the primary form of cyberattack. Teach your employees to spot spoofed URLs and spam emails. 

      TeamPassword is Designed for Security

      We know it’s tempting to simplify your password life by relying on your browser’s offer to save every password you enter or reuse some tried-and-true passwords, but the data is clear that there will eventually be consequences for these tactics. 

      TeamPassword’s browser extension provides seamless access to your websites and logins, so you have no excuse for unsafe password habits. Just pin the extension in your browser, and your logins are a couple of clicks away. 

      undefined

      TeamPassword also tracks the last time a password was changed and includes a built-in password generator so that you have the appropriate tool at hand to take action. You can also test your passwords with our free password generator.

       undefined

      undefined



      Password management can feel overwhelming. We built TeamPassword to make it a bit simpler. Give us a try for free for 14 days.

      Enhance your password security

      The best software to generate and have your passwords managed correctly.

      TeamPassword Screenshot
      facebook social icon
      twitter social icon
      linkedin social icon
      Related Posts

      Cybersecurity

      March 27, 202513 min read

      7 Best Authenticator Apps: Which One Should You Choose

      Multi-factor authentication is a critical component of keeping your accounts safe. Here are the best authenticator apps to ...

      Executive holding tablet in meeting

      Cybersecurity

      March 24, 20258 min read

      Cybersecurity Training for Executives: Critical Topics & Courses

      Cybersecurity training for executives is a must for leaders who must champion the security of their organizations. Discover ...

      A person holding and about to touch a tablet with a password field and lock hovering above it.

      Password Management

      March 24, 202513 min read

      How to manage passwords securely and easily (2025)

      Password management is the full lifecycle of creating strong passwords and then updating and storing them safely. Here’s ...

      Never miss an update!

      Subscribe to our blog for more posts like this.

      Promotional image