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Five reasons to invest in a password management system ASAP

By March 3, 2022May 17th, 2022No Comments

Password management tools are software programs that put up enough security and safety mechanisms in place to ensure there’s no password breach.

Your employees can use the program to generate random, high-security passwords as per the industry best practices. They don’t have to worry about remembering them either, because these tools have built-in mechanisms to store the passwords securely and retrieve them automatically when needed.

All passwords are encrypted and stored privately, so no one, other than the authorized user has access to their passwords.

It takes care of timely password update reminders and password reset, so you don’t have to worry about them.

Password management tools make it easy for you to enforce role-based access permissions. For example, a data entry executive may be able to enter data into the sheet only once, and may need authentication from the manager to edit the data, or only someone at the managerial level may be allowed to make edits to the data.

Some password management tools support multi-factor authentication, thus helping you make this important security feature a part of your data security process.

Password management tools also offer administrators and managers full view of the log-ins and also generate detailed access reports. You will know which user logged in, at what time, using which device. Some password management tools can send alerts when there’s a log-in from devices, networks or locations that are unusual.

There are a variety of password management tools available in the market. While their basic function is the same–keeping your passwords secure, password management tools can offer you a lot more in terms of data security. Consult with an MSP who deals with cybersecurity as they can help you pick the password management tool that’s right for your business. But, remember, at the end of the day, there’s no substitute for good password hygiene, so no matter what tool you deploy, you still need to educate and train your employees to follow good cybersecurity practices.

Steven Truong

Steven Truong is a Marketing Coordinator at I.T. Responsive with a focus on inbound marketing strategy. Steven comes from a professional background with 6+ years of experience in developing effective PR and digital marketing strategies for small and mid-sized businesses in various industries from manufacturing and consumer products to real estate. Seeing these strategies produce successful results and client satisfaction is one of his main goals and passions about marketing. When he doesn’t have his marketing cap on for the IT world, he likes to check out the local food scene in O.C. and find new post-apocalyptic zombie shows to watch.

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