The rest of that sentence is important. Hashing passwords is the minimum practice, not best practice. You should always be at least hashing passwords. Best practice would be salting and peppering them as well as picking a strong hashing function with as high a number of iterations as you can support. You would then pair that with 2FA (not SMS based), and a minimum password length of 16 with no maximum length.
The rest of that sentence is important. Hashing passwords is the minimum practice, not best practice. You should always be at least hashing passwords. Best practice would be salting and peppering them as well as picking a strong hashing function with as high a number of iterations as you can support. You would then pair that with 2FA (not SMS based), and a minimum password length of 16 with no maximum length.