Should My Business Use a Password Manager?

password manager

With the increase in the number of employees working from home, a password manager is more crucial than ever. It offers yet another layer of security that can help keep cybercriminals out.

The Average Person Uses More than 80 Passwords

The average individual has more than 80 passwords in use. From insurance and banks to pizza apps and uber, everything asks for a password. There’s a very high rate of probability that your employee is reusing passwords in multiple places – including to access work email, your network, and apps they use to conduct business. All it takes is one breach – something as small-time as a pizza company – to put your organization’s data in the hands of a cybercriminal.

Is Your Data at the Mercy of a Post-It Note?

Because we’ve become a password-heavy society, it’s likely your employees are not only using the same password but creating ones that are easy enough to type into their TV using their remote control (Roku, Hulu, Netflix, Amazon). To remember so many passwords, they may write them down – on post-it notes, on a piece of paper they leave under their computer or on their desks, or an entire list of all their user names and passwords in an excel spreadsheet.

What Is a Password Manager?

A password manager is a security tool that not only creates complex passwords that are difficult to decipher but also autofills them in the websites and apps your employees use. Password mangers keep passwords vaulted, removing the risk that a weak password, used across multiple accounts, will be accessed by a cybercriminal. All you must have is a single “master password” to log into the password manager, and it takes care of everything else. 

Are Password Managers Safe?

The password manager you choose should meet or beat industry standards for encryption. thinkCSC recommends password manager services with our managed services, because we believe it is an essential layer of protection that can help you to mitigate the risk posed by employee password use. The benefits are clear. Using a password manager will:

  • Reduce the risk of data breaches
  • Require you to remember only one password
  • Manage shared business accounts and apps without the risk of sharing passwords
  • Strengthen your cybersecurity

Password Managers are just one more way in which thinkCSC can help you minimize the impact of global threats. We offer additional services we offer to strengthen your infrastructure, including vulnerability scanning, internal and external penetration testing, web app penetration testing, security assessments, policy development, and security awareness training. Contact us to learn more.