How companies should recover when password breach occurs

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Undoubtedly, every business worldwide is susceptible to cyber attacks and data breaches. The imperative response lies in implementing proactive measures to safeguard against such attacks and establishing an efficient disaster recovery plan for unforeseen events.

Addressing password breaches, hackers frequently employ phishing schemes to manipulate employees into surrendering crucial credentials, such as login information. These ill-intentioned individuals may then infiltrate networks to pilfer sensitive data or sell compromised credentials on the dark web, leaving the targeted business vulnerable to significant repercussions.

In the aftermath of a password breach, businesses must take decisive actions to recover:

1. Password Reset: The immediate response to a discovered password breach should involve initiating a password reset directive across the organization’s data center environments. Employing an internal communication strategy, companies should prompt users and customers to change their passwords promptly, mitigating potential damages.

2. Incident Response Plan: Having a robust incident response plan is paramount. Such a plan can shield the company from severe disruptions, legal consequences, and safeguard customers from the exposure of sensitive details. Collaboration with third-party experts and forensic specialists can further diminish the impact of the cyber attack.

3. Education for Affected Parties: Abiding by prevailing data privacy and security laws, proactive employee training is crucial. Staff members should be well-versed in the protocols to follow in the event of a cybersecurity incident. Adhering to disclosure timelines and implementing mitigation measures within four days are encouraged practices.

As we look ahead to 2024, the following password best practices should be considered:

A. Complex Password Formulation: Craft passwords with a mix of alphanumeric characters and incorporate one or two special characters. Crucially, passwords should consist of a minimum of 12 to 15 characters to enhance security beyond the easily guessable traditional 8-character passwords.

B. Employee Education: Instill a culture of password security by educating employees to avoid using the same password across multiple online services.

C. Regular Password Changes: Encourage businesses to change application passwords monthly or bi-monthly to prevent network breaches in the event of a compromised password.

D. Utilize Online Tools: Leverage available online tools and services for scanning compromised passwords in the active directory. Regular usage, preferably weekly, can alleviate concerns regarding password security.

By adopting these practices, businesses can fortify their defenses against cyber threats, minimize potential damages, and ensure a more resilient cybersecurity posture.

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Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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