We are using more and more online accounts in our everyday lives, and it’s not going to stop any time soon as every week we download new apps or add news devices. Managing passwords for all these tools has become incredibly hard. Most of us react to this problem with indifference and tend to use the same password everywhere. We bury our heads in the sand and think that everything is fine; until we get hacked. On personal level, this can have pretty bad consequences, but on a professional level, when company data is involved, it can be disastrous.
Dashlane conducted a study to learn more about this Digital Indifference, and how it impacts companies. The results are both interesting and frightening.
We found that 53% of US employees share passwords at work. This trend is driven by millennials (67% of share work passwords) for whom sharing seems to be very natural. Password sharing is not inherently dangerous if done in a safe manner, but that’s not the case as 30% of respondents admit sharing passwords on paper!
Companies have to deal with two combined trends: the constant increase in the number of websites we use for work and millennials’ Digital Indifference.
Dashlane also found that 42% of employees acknowledge they could still access passwords from their previous employer, and less than 40% of the respondents are aware of a password sharing policy in their company.
Business leaders need to educate their employees of the significant importance of effective password security. They need to instill the thinking that all workers are part of the front line of protecting companies from hackers and security threats. Password sharing isn’t a bad thing necessarily. It can make a company more efficient, but it needs to be done in the right way.