Password thefts at LinkedIn, eHarmony are a cautionary tale for other companies.
Could your business be the next one hit by hackers hungry for passwords?
After non-stop news of hacker break-ins at LinkedIn, eHarmony and other online sites resulting in millions of leaked passwords, you may be wondering if your business is any better prepared or protected. It’s a good question, given the risks. Stolen passwords that give intruders access to your systems can lead to costly scams and fraud, wreck your company’s reputation, prompt customer defections and spawn significant cleanup costs.
Few companies store passwords properly, even though doing so usually isn’t difficult, security experts say. Most web developers are not schooled in current best practices and fail to implement sufficiently strong security technologies. Often, they neglect security or plan to add it later, says Aleksandr Yampolskiy, chief technology officer at New York-based Cinchcast, a webcasting startup, and former head of security at Gilt Groupe, a luxury shopping site. “The problem is later almost never comes,” he says.
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