If you’ve taken a look at your business’ cybersecurity tech stack, you’ve likely asked yourself…are password managers really worth it?
While they can be costly, your business or enterprise password manager is one of the most important tools you can use to help keep your network safe. It can easily span to be implemented on an organization-wide basis, allowing you to have a greater span of control over your network’s risks.
Below, we’re discussing the top benefits of using a password manager and showing how your organization can benefit from its consistent use and application.
How can password managers support safer business operations?
Below, we’ve listed a few of the many benefits of using a business password manager:
1. Avoid inefficiencies
One of the most employee-focused ways password managers can help is to promote efficiency. Using an automatic password manager is more helpful and a quicker process than manually recording your work passwords or attempting to recall them from memory. Plus, it minimizes the risks of lock-outs and human error in the password process.
2. Add (another) layer of security to your process
When operating and migrating to a Zero Trust security system, password managers can add an extra layer of protection for a safer overall network function and experience. By layering them in with the other principles of Zero Trust systems, you’ll be able to minimize risks of breaches or abuse that could otherwise compromise your network.
3. Minimize the risk of phishing attack success
No one can completely avoid phishing attack risks. These forms of cyber warfare often come disguised as convincing emails, directing your team members to illegitimate domains that steal sensitive login information for further misuse. When you use a password manager, it will automatically verify that the domain matches what was input the first time your password was recorded. This way, your employees will be prohibited from logging in to an incorrect domain.
4. Enjoy flexible, organization-wide efficiency
Password managers sync to the cloud, which can be useful if your organization uses a flexible hybrid or work-from-home structure. Team members can access their credentials and sites easily from any sort of secondary or mobile device, allowing your employees to work at the speed of business.
Enjoy custom technology solutions for your business with CHIPS
CHIPS has been creating custom business technology solutions since our launch in 2001 – helping connect business owners like you with the tools you need to succeed. To book a FREE assessment with our team and to get started, please connect with us today. We look forward to speaking with you soon.