Many passwords are easily cracked by attackers using various methods and tools that we covered in our previous blog. In this blog post, we’ll focus on understanding different motives behind password cracking and on some defence strategies that can help in protecting yourself or your company’s assets.
1. Motives Behind Password Cracking
a. Financial Gain
Description: Many attackers crack passwords to gain unauthorized access to financial accounts, leading to theft or fraud.
Why It Matters: Financial gain is a major driver behind password cracking, making it a critical concern for users and organizations.
b. Identity Theft
Description: Cracking passwords can lead to identity theft, where attackers use stolen credentials to impersonate individuals.
Why It Matters: Identity theft can have severe personal and financial repercussions, affecting the victim’s credit and reputation.
c. Corporate Espionage
Description: In corporate settings, password cracking can be used for espionage, stealing sensitive business information or trade secrets.
Why It Matters: Corporate espionage can damage a company’s competitive edge and lead to significant financial losses.
2. Defense Strategies Against Password Cracking
In October, cybersecurity awarness month, we have talked about Ten Essential Rules for Creating Strong Passwords. By following those rules you can already have a very solid defense strategy against password cracking.
We would also recommend using MFA. There are several types of MFAs, and in our blog Six Types of Multi-factor Authentication (MFA) to enhnace your security, you can learn more about different types of MFAs and choose the one that would be best for you.
Conclusion
By familiarizing yourself with the methods and tools that are common in password cracking, and motives behind it, you can implement effective defenses to safeguard your information. Following rules for strong passwords and using multi-factor authentication, can help you stay vigilant against those password crackng attacks and you can enhance your cybersecurity.
For more information on how to stay safe, please contact us.
