Your Business Should Be Using a Password Manager. Here’s Why

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man logging into a work account from a secure password manager on his laptop

To the average person, it’s too easy to forget a password and leave themselves vulnerable to account lockout, which can end up being catastrophic for one’s online presence.
But, in business environments with many passwords and IT administrators who may not check login activity regularly, such mistakes and security risks are even more common. Business password managers are tools that keep track of the passwords that need to be used in the average business. These tools often have features allowing passwords to be synchronized across devices and organization systems, as well as limit or granting access to the proper personnel. There are many reasons you need a password manager in your business:

A Solution to Forgotten Passwords

Users will often forget their passwords, and managers will be left with their hands tied in trying to create new ones. Having a password manager in the organization means that employees don’t have to think about creating and managing new passwords on an ongoing basis, increasing productivity and reducing security risks. Passwords can be changed right in the password manager and then used to reset the corresponding account.

Protection Against Data Breaches

A password manager can act as a secure vault for storing all the password information you need, meaning that a single breach doesn’t mean a complete loss for an entire organization. Since the passwords are encrypted with an individual key, only employees with the proper credentials can access certain information or accounts. Some businesses have multiple administrators or managers, which means that a single password manager can reliably protect the sensitive information of various parties. If a hacker gains access to one employees vault, they will not get access to every password in the whole organization, which is a huge benefit.

High-level Integration with Third-party Programs

Many password managers have an account integration key feature that allows users to log in quickly and access data outside the password manager, such as internet browsers, email clients, and documents. This is an excellent way to increase productivity for specific groups in which you may have limited device access or where automated processes are critical. Users can quickly have their secure passwords auto filled into the corresponding account for easy login.

A Great Way to Secure a Tablet or Mobile Device

Many businesses opt to use tablet and mobile devices for various reasons. These devices, after all, can be provided with multiple functions and access points, which is why you need a password manager that can securely sync your passwords across compatible devices. Plus, many of these programs have extra features, such as two-factor and three-factor authentication, for better security overall.

Additional Security Features

Password managers come with a variety of tools that can strengthen security processes. Many devices have fingerprint scanners, which provide an extra layer of protection over user accounts. Some programs also have key generation features that provide additional layers of security in the event of lost or stolen devices and information recovery features that can help recover passwords when they’ve been forgotten or locked out by employees.

Making Marketing Data Easier to Access

For many businesses, marketing data is more important than the data seen by most other aspects of the organization. This data often only needs to be accessed regularly, but it’s still essential. A password manager can provide an easy way to access this data for users under certain circumstances, only in the case that they need access to the information. For example, you can set up a specific email address for “marketing” and have users send out marketing emails from there.

Bottom Line

Business Password Manager is a tool that makes passwords so much easier to manage, which in turn helps organizations do more with their data. The convenience of one centralized application for password management and integration with external programs make these tools a valuable addition to any organization or business.



from: https://www.heroictec.com/your-business-should-be-using-a-password-manager-heres-why/

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