Why password reviews are crucial during employee exits

According to the report, 53% of employees who access accounts from a former employer said they did so to save money, with 34% saying they were able to save $50 to $100 a month.

Six in 10 of these employees said they were able to access their former work accounts because their employer never changed the password.

The majority of these respondents said they had never been caught. In fact, 17% even said a former employer reached out to them because they forgot a password.

Poor offboarding risks

Gunnar Kallstrom, information systems and cybersecurity expert, warned organisations that they put themselves at risk for not properly offboarding an employee.

“As part of the offboarding process, all company access should be revoked from the former employee. If this does not happen, the company exposes itself to unnecessary risk,” Kallstrom said in a statement.