88% of organizations still use passwords as their primary method of authentication, according to Specops Software.
The report found that 31.1 million breached passwords had over 16 characters, showing longer passwords aren’t safe from being cracked. 40,000 admin portal accounts were found to be using ‘admin’ as a password, and only 50% of organizations scan for compromised passwords more than once a month.
123456 was the most common compromised password in KrakenLab’s new list of breached cloud application credentials. Simple passwords like Pass@123 and P@ssw0rd that would pass Active Directory’s basic built-in rules were also prevalent, highlighting the increased risk of password reuse for organizations not implementing strong password controls.