risk management: tip of the week

Password Protection

Does your self-storage operation have a password policy? Implementing a company-wide policy requires little or no expense, and it's a quick and effective method of reducing the risk of cyber-crime such as hacking.

To ensure that everyone follows the policy, it's a good idea to add the following requirements to your network account settings:

  • Complexity – Require passwords to contain a minimum of eight characters and include features that increase complexity such as uppercase letters, numbers, and special characters.
  • Lockout – Implement a rule that disables a user's account if the wrong password is entered a specified number of times. For many companies, three is the magic number.
  • Age – Require employees to change their passwords on a regular basis (such as every 60 or 90 days).
  • Reuse Prevention – Set up a rule that prevents employees from reusing the same passwords in rotation.

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Sincerely,

Mike Schofield

Mike Schofield
President & CEO

MINICO INSURANCE AGENCY, LLC
Member ARAN Insurance Services Group

10851 N. Black Canyon Highway, Suite 200, Phoenix, AZ 85029