Password Security Tips for Your Small Business

Password Security Tips for Your Small Business

When securing your online accounts, your passwords are extremely important. Your bank account, credit cards, and identity could be stolen due to the passwords you keep. Many business owners practice poor business password security measures, which makes them susceptible to thieves and hackers. Here are five common practices you should be implementing.

Don’t Use Weak Passwords

You should know the importance of creating strong passwords. Simple and weak passwords can make you prone to cyber attacks or theft. You may still use weak passwords that consist of short words or names of your beloved pet. There are many practices you can implement to create stronger passwords.

Make sure that the passwords you create are long. It’s hard for hackers to guess longer passwords. Avoid using common words and phrases that are easy to guess. Test your password before you choose it. Many websites allow you to test out different password variations.

Don’t Leave Them Out

Don’t write down your password on a sticky note and leave it out in the open. This poor business security measure could lead to a data breach, or worse. If all of your passwords are advertised on your computer, it’s time to set secure protocols. If someone steals the note, then they’ll get access to all of your online accounts. Finding out who stole your password may be difficult. Keep all of your passwords in a secure software program or a designated notebook instead.

Stop Reusing the Same Passwords

Reusing the same passwords does make it easier to remember that password, but it can make you prone to cyber attackers. All it takes is one person to find out your password to gain access to all of your online accounts. This will make it harder to remember all of your passwords, which is where the next tip will come in handy.

Consider a Password Manager

If you want to stop writing down your passwords on sticky notes, then you need a password manager. This business password security measure creates one strong password for each of your online accounts. You just need to create a master password to access your entire account, and the manager will create the passwords for you.

Of course, there’s some sort of risk involved. If someone guesses your master password or breaches the management company, then all of your passwords will be compromised. We recommend password managers that use encryption technology and multi-factor authentication to ensure added protection of your account. There are both free and paid password managers available on the Internet.

Use Multi-Factor Authentication

Multi-factor authentication is a feature that’s been made available for social media accounts and online services. It provides additional verification at login by requiring you to enter a pin code or a temporary passcode sent to another of your accounts, or your phone number, to login, making it nearly impossible for a hacker to gain access with only a password. As you can see, multi-factor authentication provides a higher level of security.

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