Staff are indifferent towards protecting sensitive corporate data, including personal information of customers. In fact, some employees when surveyed admitted they would sell their passwords, some for as little as £100. These stats are based on a global survey of 1,000 employees at large organisations.
In addition to blatant sabotage, the survey also found that some employees are lax about password management in general. One in five employees routinely share login information for corporate applications with colleagues, which increases the potential that the passwords they sell might not even be their own. Compounding the problem, 56 per cent of respondents admitted to some level of daily password reuse for the corporate applications they access, with many as 14 per cent of employees using the same password across all applications.
Kevin Cunningham, president and founder of SailPoint, said: “Employees may have moved away from the post-it note password list, but using the same password across personal and work applications exposes the company. Just think of the major breaches that occurred in 2014 requiring users to change their passwords on social media. If those were the same passwords being used to access mission critical applications, it’s very easy for hacking organisations to take advantage and get into more valuable areas. The fact is that password reuse poses a significant risk to any organisation – but the good news is that there are solutions that can quickly address the problem.”
An employee may need to remember a dozen or more passwords, and is tempted to reuse the same one, even if it eliminates the security benefits of having a password in the first place, the IT security product company suggests. Organisations recognise this and want to enforce better password management policies, but legacy password management solutions are too expensive and haven’t kept up with today’s business needs. To help organisations combat this growing challenge, SailPoint says that it’s providing a “trade-in” program for legacy password management solutions. Through June 2015, the product firm will replace a legacy password management solution with IdentityNow’s Password Management Service for less than what that company is currently paying annually for support and maintenance. Visit: https://www.sailpoint.com.
Cunningham added: “We knew password management was a pain point for companies around the world, but our recent survey showed us how much companies are struggling. We believe this offer is a unique way to demonstrate SailPoint’s innovative approach to identity and access management. And, there’s no risk, because qualified organisations can replace their outdated solutions with SailPoint’s IdentityNow Password Management Service for less than they’re already spending on a tool that isn’t working.”
