Updated: May 7
This is part of a running commentary series for #WorldPasswordDay 2021.
Each year on the first Thursday in May, World Password Day strives to encourage users to elevate their password security strategy.
We heard from cybersecurity experts on what strong password security looks like and what the future of passwords holds. Glenn Veil, VP, engineering, Wisetail:
"Passwords play a critical, ongoing role in different aspects of our lives. In our personal lives, they provide a layer of defense against fraud and identity theft. In the workplace, they defend us against a breach of sensitive company or customer data. At Wisetail, we implement policies, standards and guidelines around credential security, but the key is to create awareness and sensitivity in our employees through education and training.
Here are some tips we recommend to protect yourself and your business from cyberattacks:
1. Educate your people on the importance of credential security and provide them with the tools to protect credentials
2. Create an environment where your people are comfortable highlighting security issues or cases where practices are not being followed so you can continue to improve your credential security
3. Utilize multi-factor authentication to reduce the damage that can be done by weak or exploited passwords
4. According to NIST's 2021 security recommendations, it's important to keep your passwords long but not too complex. Theoretically, if the password is long enough, the chance of a hacker figuring out the correct sequence is low.