1 in 8 employees is selling company passwords - and the CEO is most likely one of them.
A new report from Cifas found that 13% of surveyed workers have either sold their company login details in the past year or personally know someone who has, which is already a pretty uncomfortable number, but it's not disgruntled junior employees feeling underpaid and overlooked doing it, it's the people at the top.
32% of senior managers, 36% of directors, 43% of C-suite executives, and a genuinely baffling 81% of business owners consider selling company credentials to be "justifiable," usually under the assumption that it's harmless one-time access - as if handing someone a working set of login details doesn't give them the exact same trusted access as any legitimate employee on the network.
And the timing couldn't be worse, because with economic pressure mounting, AI threatening jobs, and redundancies becoming more common, the temptation to make a quick payout by selling access to your employer's systems is only going to grow and most companies aren't built to catch it, especially when the person doing it is the one who's supposed to be setting the security culture in the first place.
Multi-factor authentication helps, but it's a bit of a band-aid when the person handing over the credentials is the CEO. At what point does this become something companies actually train for, or is "don't sell your login details" still somehow assumed to be common sense?