The risks are immense. If hackers gain entry into your system, shared passwords make it much easier for a them to increase their access to other parts of your network, which can turn a single security incident into a full-blown breach.
By sharing something as simple as the password to your email account with a colleague over text, confidential customer information can be leaked — which in turn, may lead to legal issues for your company. Indeed, if this happens, your role within the company is likely to come into question at this point.
Misuse of Accounts: Sharing passwords with family members can lead to the misuse of accounts, such as unauthorized purchases, deletion of files, or sending inappropriate messages. This can lead to legal and financial consequences and damage to personal and professional reputations.
Friends who have access to your password can post an inappropriate post on your account that can negatively affect your future in a big way. Sharing your password is a bad idea not only because it gives your friend the ability to post on your behalf, but it also gives them access to all of your personal information.
If your team is encouraged to share passwords, they are more likely to share them with others too. A past employee might pretend to have been rehired, or a hacker could easily use sniffing or phishing to capture data from employees who don't think twice about password security.
Employees should never need, or be coerced, to share their corporate passwords with anyone. IT and HR departments should know, understand, and respect the security reasons and implications better than anyone.
A security downside to using shared accounts across multiple users is that they lack the visibility, certainty, and accuracy about a particular session that singularly-owned accounts do.
Password security is important because passwords are the first line of defense against cybercriminals and their unauthorized access to your personal data. Most people around the world struggle with managing their passwords.
There is nothing more important than keeping your personal information secure so that you can prevent identity theft. This information is the gateway to your financial institutions, medical records, credit score and other important personal records.
Some respondents also viewed password sharing with their partner as "too controlling". Apart from not feeling comfortable with the idea, some also don't believe it's a validating factor for their relationship and have the hindsight to protect their accounts in the event of a relationship fallout.
Sharing personal information that can make it easy for someone to find out where they live or go to school can put them at risk in the real world. It could also put them at risk of identity theft or even online grooming if they overshare with someone that may have bad intentions.
Photos or information about family members could expose their identities, locations, or potentially make them targets. Information about your life or past could be used to guess your password or security questions.
What are two disadvantages of sharing a directly connected printer from a computer? (Choose two.) - The computer directly connected to the printer always needs to be powered on, even if not in use. -The computer sharing the printer uses its own resources to manage all the print jobs coming to the printer.
The same thing that makes password managers so convenient for you—all your passwords are easily accessible in one spot—also represents the greatest risk. If your personal device is infected with malware, then cybercriminals can steal your master password and take control of your vault.
Perils of Sharing Your Password at Work
Despite the convenience that it brings, it is not worth sharing your passwords with anyone, no matter how much you trust them. password sharing can result in serious security threats for you.
Sharing sensitive information such as your address, phone number, family members' names, car information, passwords, work history, credit status, social security numbers, birth date, school names, passport information, driver's license numbers, insurance policy numbers, loan numbers, credit/ debit card numbers, PIN ...
Discovering that your personal information has been shared without your permission can be deeply upsetting. In the case of more sensitive information, the impact of such an incident can be significant and long-lasting, affecting your health, your financial situation, and your personal relationships.
It promotes confidence (in the healthcare system, in the school system, in the workplace etcetera). It prevents misuse of confidential information (illegal or immoral use). It protects reputation. Employment may depend on it (e.g. non-disclosure agreement).
In a business setting, this leaves critical data such as finances or client information exposed. Passwords are the first secure entry point to your information; therefore, anyone without it can easily experience a breach their security system.
Victims may also have their bank account information, money, or even their identity stolen. Moreover, unauthorized users may use someone else's computer to break the law, which could put the victim in legal trouble. A strong password provides essential protection from financial fraud and identity theft.
This of course is a direct violation of the IT security policy. A user's Active Directory (AD) password is unique to them and is not known by anyone else unless they share it, overtly or inadvertently.
Implementing data sharing is like opening the floodgates to a wide range of potential threats, such as hacking or malware. The more people who have access to the data, the more opportunities there are for unauthorized parties to access it.
Passwords need to contain a mixture of lowercase, uppercase, numbers and special characters. Passwords need to be changed on a regular basis. Passwords cannot be the same as a previous password.