Password Security
So if you think a really good password is going to keep out the hackers, guess again. Because they’re guessing according to this great article in Forbes, an algorithm, an AI algorithm, guessed 87 million passwords in under a minute. So this system can crank through passwords and guess them, and it’s not really expensive. For just a few dollars and a little time, a smart brute force algorithm cracked most passwords. And it’s something where if your banking information, your business information, your private information is behind a password, it could be cracked.

Two-Factor Authentication
Now, you may have two-factor authentication, which is good, but those can also be spoofed with SIM swapping. So make sure that you have really good preparation for what would happen if you get hacked. One of the things that people are recommending is to have the 7-day rule on your Google account. So if a password has changed, you can change it back within 7 days. Even if you don’t have the new password, you can trigger it to go back.

Preparedness and Response
Also, make sure you have a good response prepared in place if your bank account was hacked, if your business is compromised. Passwords are great, but they’re not all they’re cracked up to be. Make sure you have multi-factor authentication and you have a plan in place if you have a cyber attack to make sure that the damages don’t go beyond what you want them to.