Learn how your company can create applications to automate tasks and generate further efficiencies through low-code/no-code tools on November 9 at the virtual Low-Code/No-Code Summit. Register here.

secure-passwordsMore than half of us say we can’t remember all our passwords. Which makes sense, given that almost a third of all companies require their employees to remember six or more of them.

Cloud identity management company Ping Identity says that between those six or more corporate passwords and all the personal passwords we maintain, the average person has to remember 15 passwords. That’s probably a recipe for disaster, given the total information onslaught we face every day, which is why the majority of us — 61 percent — reuse passwords from site to site.

That’s what security companies call “password negligence,” and the results are costly.

Too many passwords and not enough memory contributes to 39 percent of all malicious hacking attacks, which can cost large enterprises $5.5 million each.


Low-Code/No-Code Summit

Join today’s leading executives at the Low-Code/No-Code Summit virtually on November 9. Register for your free pass today.

Register Here

One solution, of course, is corporations requiring users to change their passwords every 30 to 60 days. That’s more secure, theoretically, but people often reuse an old password. Or, worse, if they’re worried they won’t be able to remember the new password, they may write it down.

The end result, unfortunately, can be less security than before the change.

All the data is below, in visual form:


photo credit: Simon Lieschke via photopin cc

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.