Security Education May Not Help Businesses: Hackers Already Know Employees’ Passwords

Cyber criminals are always on the hunt for more passwords to give them access to financial accounts as employees remain lax about changing them into more complicated ones.

The latest attack affected millions of email accounts such as Google, Yahoo and Microsoft. Consumers and employees continue to favor reusing their passwords and their combinations, making it easy for hackers to decipher and sell them on the black market known as the “dark web.” Even seemingly innocuous accounts such as LinkedIn and Netflix have been the target of hackers, because password security is not a priority among consumers who halfheartedly make them more complex or change them on a routine basis. The risk for companies is high because employees could be increasing the likelihood of being hacked, since “nothing stops a user from changing their social network password to the same one used at work,” said Gilad Peleg, CEO of SecBI, a Be’er Sheva, Israel-based company that provides threat detection. For the full article click here 

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