Why passwords give businesses sleepless nights

Compromised passwords have become the biggest concern for Corporate Kenya. FILE PHOTO | NMG

Compromised passwords have become the biggest concern for Corporate Kenya, a new survey among IT and financial decision makers shows, highlighting the technology breach challenges as more customers migrated to digital platforms in the wake of Covid-19.

A survey by pan-African fibre company, Liquid Telecom, says a massive 95 percent of firms had encountered incidents of compromised passwords, making it the single biggest cyber security threat followed by phishing attacks at 70 percent and insider threats (63).

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Note: The results are not exact but very close to the actual.