Swedish Companies Urged to Strengthen Password Security Amid Rising Cyber Threats
Swedish experts highlight that weak and stolen passwords are the cause of most breaches, urging organizations to adopt advanced password protection and identity verification solutions.
- • 81% of cybersecurity breaches involve weak or stolen passwords.
- • A Specops analysis shows 83% of compromised passwords meet current security standards, indicating those standards alone are insufficient.
- • The first day of employment is a high-risk moment due to temporary passwords.
- • IT helpdesk password resets are costly and a frequent target for social engineering attacks.
Key details
Cybercriminals increasingly exploit weak or stolen passwords to breach corporate systems, with 81% of security incidents linked to such vulnerabilities, according to Martin Jartelius, CTO of Outpost24. Despite compliance with security frameworks like NIST and GDPR, a recent Specops Software analysis found that 83% of compromised passwords still meet these standards, underscoring that adherence alone is insufficient for robust protection.
The onboarding phase is particularly dangerous; new employees often receive temporary or standard passwords that remain unchanged, creating a prime opportunity for attackers. Additionally, IT helpdesks represent a substantial risk, as 20-50% of their calls involve password resets, each costing approximately 700 SEK and presenting a frequent target for social engineering.
To counter these risks, Specops Software offers solutions that block access to over four billion known compromised passwords and implement identity verification before password resets. These measures aim to protect user accounts right from the first day, effectively reducing breach chances. Jartelius emphasizes the need for organizations to incentivize strong password creation among employees while safeguarding them against common poor choices hackers exploit. Real-time vulnerability assessments are recommended to promptly identify exposed passwords and potential threats, enabling swift corrective action.
With cybercriminals shifting tactics toward simpler, yet highly effective methods such as password misuse and social engineering, Swedish organizations face mounting pressure to enhance password management strategies and strengthen identity verification processes to secure their systems.