Report: 300B Passwords at Risk by 2022
Not all passwords are created equal, according to a new written report from research firm Cybersecurity Venturesas information technology estimates that, by 2022, hackers volition have their pick of 300 billion passwords to target.
That total includes an estimated 100 billion user business relationship passwords for things like social media and email, as well 200 billion passwords or credentials used to log in to Internet of Things (IoT) devices. Then-chosen 'privileged accounts', used to maintain Information technology infrastructure, volition be among the most frequently targeted, because they are stored in multiple places and provide admission to entire networks of devices.
"I privileged account countersign breach tin let a hacker to access and steal the credentials and passwords belonging to every employee in a company," Joseph Carson, Main Security Officeholder of Thycotic and ane of the report'south co-authors, said.
Similarly, since consumers often reuse passwords for multiple online accounts, a breach at one site—similar the massive Yahoo breach revealed in Decemeber—volition likely provide hackers easier access to accounts at many other sites.
The report likewise claims that about social media users do not use multi-factor authentication for logins, despite repeated attempts from social media companies to encourage its use. Multi-factor authentication requires a user to enter a unique code generated for a specific login attempt in improver to his or her regular password.
The damage from countersign theft—which volition proceed happening, the report predicted—could reach US$6 trillion annually by 2022.
It'due south worth noting that the 300 billion passwords effigy is a conservative number: it assumes an average of 25 passwords per Internet user and apparently doesn't include notebooks, desktops, or other not-IoT devices.
Source: https://sea.pcmag.com/security/13745/report-300b-passwords-at-risk-by-2020
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