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Everything you need to know about password managers for your business.

Passwords, although helpful, can be frustrating. To create a great password, you will need it to be difficult to think of, a mixture of characters, numbers, and letters and different on each site. This is where most people become stuck. Passwords are everywhere, you literally can’t escape them. But it’s not only online that we require passwords. Even certain companies require you to create a password when calling them.

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With needing a password to literally get into anything these days, it’s hard to generate a truly unique code each time. We have all been guilty of using the same password for different sites. Cybercriminals love it when we do this, our world then becomes theirs! In this blog, we will dive straight into how a password manager can keep your business secure.

Ever wish you could safely store all of your passwords somewhere? This is where a password manager comes in. It is a software application that securely stores all of your passwords, even if they are different passwords for different sites. You can safely manage passwords for absolutely everything. Any email accounts, apps, and software passwords can be kept safe and secure.

Firstly, you need a unique password. This is half the battle when trying to create your own, however, a password manager will save you the brain power and generate one for you. Password managers will do this for all your applications and store them for future use.

When it comes to logging in, your password manager will automatically fill in all your login details. Sounds simple, doesn’t it? Well, it really is this simple. Simple yet secure.

The benefits of using a password manager are huge if you prefer to save your brain power to put it to good use.

  • It saves time by auto-filling login details
  • You don’t have to try to remember each password
  • Through generating different passwords for each login page, if one becomes a security risk, the rest of your login pages won’t be automatically at risk.
  • Some password managers scan the dark web to make sure your credentials haven’t been leaked.

There are 3 main types of password managers that you may want to consider.

The first one to consider is Browser based.

 As the name suggests, this type of password manager is built into your browser. Whether you use chrome, safari, or Edge, these free managers are easy to use and can be used straight away.

 

The second one to consider is Cloud-based.

These password managers are safer to use than browser-based managers as they offer a higher level of protection. It’s also not just passwords that can be stored, you can even store credit card details and secure notes. They detect weak passwords and generate strong ones for you. Because everything is stored in the cloud, you can access the information from multiple devices.

 

The third one to consider is the Desktop based.

This type of password manager stores information on your device. This is the safest option of all three, however, if you were to lose your device or it broke beyond repair, you will lose all your stored information.  For this reason, you will need to regularly back up all of your stored information onto another device or manager.

Password managers have had much improvement over the years. While a long while ago, there were cases of security breaches, most professional password managers hold a very high-security record.

passord managers for your business what you need to know

Paying for premium password manager services will offer a higher level of protection for your business.  Using a password manager for employees that is supplied by your business, will ensure greater safety. It will enable workers to use devices remotely if working from home or elsewhere.

Never reuse passwords as this can leave all your information vulnerable to cyber-attacks. Password managers will generate a long and complex password for you which again, increases your level of protection.

The final part of keeping your business information secure is to create your own company password policy. In doing so, you will create a set of rules that employees need to follow to help keep your systems safe. The policy should include some of the tips we have mentioned above. This should help in training employees on data security.

 

Using a password manager can only benefit your business. Keep your business safe and protected against cybercrime. If you wish to explore this further and gain more insight into the dos and don’ts of password protection, then please read our full PDF here.

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