LucidTrac Blog

Why You Should Be Rotation Your Passwords, And How To Do It Securely

written by Victor Ocasio / victor@lucidtrac.io on Monday 10/10/2022
updated on Saturday 11/19/2022 16:37 UTC
Tags: ERP ( 11 ), Passwords ( 1 ), Best Practices ( 45 )

Routinely changing or rotating your passwords is one of the simplest and most effective ways to reduce your exposure to a data breach. And yet, a recent study by Norton found that nearly 60% of people never change their passwords. If you're among the majority of people who have never changed their password, or if it's been awhile since you last did, now is the time to start Rotating your passwords on a regular basis. Here's why:

When it comes to data breaches, bad actors will often take advantage of compromised passwords that have been reused across multiple accounts. In fact, 81% of data breaches are caused by weak or stolen passwords, according to Verizon's 2020 Data Breach Investigations Report. Reusing the same password across multiple accounts dramatically increases your risk of being hacked; if just one of those accounts is breached, all of your other accounts are now vulnerable.

 

Changing your password on a regular basis helps mitigate this risk by making it more difficult for bad actors to access all of your accounts even if they've managed to compromise one. How often you should change your password depends on the sensitivity of the information contained in the account. For example, you may want to change your password more frequently for financial accounts than for social media accounts. 

 

In addition to changing your passwords regularly, you should also make sure that your passwords are strong that is, they are at least eight characters long and contain a mix of uppercase and lowercase letters, numbers, and symbols. Avoid using easily guessed words like "password" or easily accessible personal information like your birthdate. 

Password rotation is a simple and effective way to reduce your exposure to a data breach. By changing your passwords on a regular basis and making sure they are strong, you can help keep your accounts secure.

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