2020 Statistics of Password Security

Our passwords are the first line of defense against cyber criminals. It is important to stay up to date on statistics of password security in order to better prepare yourself against potential data breaches.

2020 password security stats

Strong password security is essential for employees with access to private business data. 68% of business leaders feel that their cyber security risks are increasing. This means that as time goes on it will become increasingly important for employees to pay extra attention to how they choose and create passwords for their business applications.

Additionally, on average only 5% of companies folders are properly protected meaning that businesses are not as secure as one may originally think. On top of this 53% of companies found over 1,000 sensitive files open to every employee. Without a strong password all of these files could very easily be stolen.

By the end of 2020, the estimated number of passwords used by humans and machines worldwide will grow to 300 billion. This is why it is imporant that your passwords are unique and hard to crack. Thousands of files could potentially be at risk if one isn’t careful.

Read More about Password Security:

The Importance of Keeping Your Data Secure

Ensuring That Your Passwords Are Secure Can Be Simple

Corporate Information Technologies provides small to mid-market organizations with expert I.T. services including compliance assessment, cybersecurity penetration tests, and comprehensive business continuity planning services. Corporate Information Technologies can help organizations, quantify, create, refine, and mitigate the risks presented by business threatening disasters in whatever form they may be disguised. 

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