Businesses and their employees ultimately need a lot of different online accounts, which means a lot of passwords need to be sorted. To assist with this, many have turned to using password managers—applications that store passwords in an encrypted vault. There are lots of reasons these password managers are a popular choice. Let’s go over a few of them.
Why Businesses Often Take Advantage of Password Managers
Password Managers Save Time. For many IT departments, dealing with the password requests that come from forgotten passcodes creates a major time sink. Using a password manager can greatly reduce these kinds of calls, as all the passwords a user needs are saved in the password manager for their reference.
Password Managers Are Secure
Naturally, as the password manager stores all of your access credentials and other account information, it’s important the manager itself remains secure. In addition to helping its users create more secure passwords with its built-in tools, the modern password manager can help reduce the efficacy of phishing attacks and plays nicely with two-factor/multi-factor authentication measures. They can even help overcome bad password habits by your employees, giving them a convenient way to generate a more secure password.
A word of caution, however, as not all password managers are built to the same standards. The smart business is one that uses a stand-alone option, not one built into an internet browser.
Password Managers Are Convenient
Finally, modern password managers make it extremely simple for your users to access and retrieve the credentials they need, whatever device they’re using. This is thanks to the use of the cloud to sync these saved credentials. By taking this approach, companies can help to eliminate the temptation some people may have to still keep a physical copy of their passwords as well.
We can help you take advantage of a password manager. To learn more, go to: https://www.cwit.com/blog, or reach out to us at (703) 821-8200.
Alan Edwards, CISM, is chief information officer at Computerware, Inc., in Vienna, Virginia.