The cost of convenience: preventing password sharing

Password sharing poses significant risks for businesses, including security breaches, data leaks, compliance violations, and loss of intellectual property. To prevent password sharing, businesses can enforce multi-factor authentication, adopt passkeys or passwordless authentication, deploy time-based one-time passwords, enable role or policy-based access control, implement password policies, and promote education and awareness. Technological solutions include authentication systems, passwordless authentication technologies, access management tools, and user and entity behavior analytics. Cultivating a culture of security among developers is also crucial in preventing password sharing.