Best Password Practices for 2023

Published: September 12, 2023

Why Password Security Matters in 2023

With cyber threats evolving at an unprecedented rate, robust password security remains your first line of defense against unauthorized access to your accounts and sensitive information.

According to recent cybersecurity reports, 81% of data breaches are caused by weak or reused passwords. In 2023, the average cost of a data breach has risen to $4.45 million.

Creating Strong Passwords

Follow these guidelines to create passwords that are difficult to crack:

Tip: Consider using passphrases—several random words strung together—which are both secure and easier to remember than complex character combinations.

Password Managers: Your Digital Vault

Password managers have become essential tools for maintaining proper security hygiene. They help you:

Popular options include 1Password, Bitwarden, LastPass, and Dashlane.

Multi-Factor Authentication (MFA)

Adding MFA provides a critical extra layer of security by requiring:

  1. Something you know (password)
  2. Something you have (mobile device, security key)
  3. Something you are (fingerprint, face scan)

Enable MFA on all accounts that offer it, especially financial, email, and social media accounts.

Recognizing Phishing Attempts

Even the strongest passwords can be compromised if you're tricked into revealing them: