Intelligent CISO Issue 22 | Page 30

editor’s question CHRIS KUBIC, CISO, FIDELIS CYBERSECURITY A ccording to the data from Verizon’s 2019 Data Breach Report, 80% of breaches are a result of compromised passwords. In order to prevent hacking and data breaches in the new decade, businesses must invest in establishing a secure and efficient password security approach. Companies should utilise best practices, enforce necessary policies and procedures, and implement them business-wide. Here is a list of the top five password security best practices that will allow businesses to decrease and prevent attacks. 1. Reference US National Institute of Standards and Technology (NIST) guidance. In 2019, NIST issued updated password security 30 recommendations based on input from across the government, industry and academia. For the update, NIST made a number of significant changes to make it easier on users so that they would pick easy to remember but hard to guess passwords and would hopefully not reuse the same password across multiple accounts. 2. Employees should use hard-to- guess passwords. A password should have a minimum of eight characters using two or more of the following: uppercase letters, lowercase letters, numbers and special characters. To make it easy for you to remember but hard for an attacker to guess, create a passphrase. For example, pick a phrase that is meaningful to you, such as ‘Charleston, SC is a great place to visit’. Using that phrase as Two Factor Authentication complements and strengthens password security and should be a consideration for every organisation. 80% of breaches are a result of compromised passwords. your guide, you might use CSCiaGR8p2v! for your password. Where available, and particularly for your more sensitive accounts, use Two Factor Authentication (2FA) to augment the security of your password. 3. Employees should use different passwords for different accounts. If one password becomes compromised, your other accounts are not compromised. I would suggest using a password manager to store and manage your passwords. This eliminates the need to remember and/or write down your passwords. It’s also important that you do not share your password with others or display them in public areas. It is ultimately the end-user’s responsibility to safeguard their passwords, although businesses should take steps to ensure awareness and compliance. 4. Change the default password on all your network devices. Have you recently bought new devices for your office? Be sure to check if they came with a default password set by the manufacturer. Often the default password will be the first one tried by an attacker. It is important to do this for everything connected to your business network – routers, Wi-Fi access points, security cameras, printers, Internet of Things (IoT) devices, etc. 5. Two Factor Authentication. Two Factor Authentication complements and strengthens password security and should be a consideration for every organisation. u Issue 22 | www.intelligentciso.com