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Businesses sure use a lot of online accounts, and if they don’t keep track of the passwords associated with these accounts, things can get messy fast. To help with this effort, password managers, or applications that store passwords in an encrypted vault, have really taken off. Here are some of the reasons why businesses invest in password management solutions.
Many IT departments throw away much of their day resetting passwords for forgetful employees, but this time can be reclaimed through the use of a password manager. Since the passwords are stored in a secure vault, employees can rely on that instead of a call to the help desk.
Due to their nature as repositories for credentials and important account information, password managers are also extremely secure. Some password managers have features built right into them that allow employees to generate complex passwords, as well as features like two-factor or multi-factor authentication to aid in security. Through all of these features, it’s possible for any employee to overcome their poor password practices. Keep in mind that not all password managers are the same, however, and you should never rely on the password management features of your web browser alone.
Modern password managers are simple to use and make it easy for users to retrieve credentials as needed, no matter the device. The cloud enables these credentials to be synced to multiple devices, something which deters employees from writing down passwords and carrying them around in an insecure way.
Preferred can help you implement a password management solution for your business. To learn more, reach out to us at 708-781-7110.