A huge amount of money is lost by corporates due to their credential being uploaded on the dark web by cybercriminals. The price of each credential depends on various factors like the revenue generated by the company. The companies which face this issue not only face financial loss, they face a loss of reputation too.
The attacks are getting advanced and they are capable of lateral movement within an infected network. Even the credential of a single employee can compromise the security of the credential of all other employees.
There has been a huge rise in the number of credentials that are being uploaded in the company. Small businesses and startups are not the only ones to have their data compromised, big establishments are also targeted by hackers. Even cybersecurity companies are not able to keep their data safe. Almost 97% of the companies have their credentials leaked and uploaded on the dark web.
Ways in which you can keep the corporate credentials safe-
1) Passwords for all account systems should be unique-
The employees of organizations should be made to understand the importance of using unique passwords for different accounts of the system. This is an important step towards the safety of the data.
2) Change passwords regularly-
The changing of passwords is important to make the credentials less useful for cybercriminals in case of a data breach. Despite careful measures to ensure the safety of the data, they may still end up on the dark web. So regular changing of the password is important to minimize the damage of a data breach.
3) Use Multi-Step Authentication-
Multi-factor Authentication is a good measure to block account takeover. This extra layer of protection adds to the security of the data.
4) Keep an eye on the dark web-
There are tools that can be used to scan the dark web. If you feel your information is available on the dark web, you can run a scan to confirm it and take the necessary step against it.
5) Provide awareness training to the employee
An employee who is unaware of how their data can be compromised can be a serious threat to the whole organization. Providing them training and awareness of cybersecurity is very important.
Once a data breach happens, there is no guarantee that the company will recover at all. It is best to try and prevent the leaking of the company data at all by updating the security of the company.