Passwords & Exiting Employees — Change Them

PasswordManager.com released password information that ought to frighten most employers. When it comes to wrapping up employment — also known as offboarding — a huge number of employees do a horrible job of making sure their former employees don’t have access to old work accounts.

The poll by PasswordManager found 40% of former full-time employees in the U.S. used login credentials from their former employer to access accounts, services and tools for a year after leaving the company. Of that 40%, a staggering 15% are still using those credentials today.

Here’s more:

• 53% say they access those accounts to save money
• 34% say they are able to save $50 to $100 a month
• 60% say their employer never removed them, or their passwords
• Most say they’ve never been caught
• 17% say they’ve reached out to their former employer for help because they forgot the password

The biggest risk to employers not offboarding a former employee is sabotage. While most former employees aren’t going to do anything like that, 2% of those surveyed said they would and did.

Here’s another couple of disturbing facts from the survey. Access to their former work accounts, and the associated passwords, has been supplied to them by current employees. And 27% of those who’ve kept that information have shared their passwords with people outside of the organization.

Source link: Insurance Business America — https://bit.ly/4fPz4Pc