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Password Negligence Could Cost SMBs $210,000 Annually

Nov 10, 2014 // Jonathan Lee

A Widemeyer survey in North America and the UK revealed startling data on password negligence among small businesses. Among the critical mistakes include continuously using the same password across multiple accounts, keeping a hand-written book of passwords, or not using passwords altogether to access work data. Identity management company Centrify claims that a company of 500 employees would lose $210,000 annually as a result of these mistakes.

The CommonKey team is a big supporter of small businesses – we urge all SMB owners to follow simple password management best practices to keep your company secure and to improve productivity. Made for teams, the CommonKey password manager is a tried-and-true way to keep help you protect access to your company.