Security News > 2023 > July > Strengthening Password Security may Lower Cyber Insurance Premiums
Specops research shows that in an analysis of 800 million breached passwords, 83% of compromised passwords satisfy the password length and complexity requirements of regulatory password standards.
Data from a LastPass survey shows 83% of businesses reported having to prove to their insurance provider that they have multi-factor authentication or password management in order to qualify for coverage or receive a lower premium rate.
The first steps to increase the overall password security in your Active Directory environment are to begin blocking weak and compromised passwords and enforcing a stronger password policy.
Enforce compliance requirements, create custom dictionaries, and help users create stronger passwords with dynamic end user feedback with a software tool such as Specops Password Policy with Breached Password Protection.
You can block over 3 billion known compromised passwords while extending the functionality of Group Policy, and simplifying the management of fine-grained password policies.
Specops Password Policy enables organizations to block usernames, display names, specific words, consecutive characters, incremental passwords, and reuse a part of the current passwords all while proving to insurers that you are enforcing effective password security in your organization.