The stakes for keeping passwords safe across the enterprise as a comprehensive data security strategy have never been higher. Password managers not only collect these credentials in a secure environment, but also allow IPSec teams to easily control access for new employees, revoke access for employees who have left, and even enforce password complexity and aging standards. In a situation like this, those employees might need to send the shared username and password through email, over chat channels, or even pass a sticky note from cube to cube. With companies relying on cloud-based platforms for business-critical systems like customer relationship management, enterprise resource planning, finance, logistics, product lifecycle management, shared cloud storage, wireless networks, VPNs, productivity suites, and many more, an enterprise-wide password management system reduces the password fatigue that arises from needing to remember multiple passwords.įor example, if several employees are responsible for updating their company’s social media presence, IT may make the decision to issue a single set of credentials for the employees to share. In addition, password managers largely eliminate the need to share login credentials for business platforms and enterprise applications across internal communications channels. Password management software also eliminates bad password safety, like sharing plaintext passwords with coworkers, leaving notes on their monitors, or sending them an email with the password. Why should businesses use password managers?īusinesses use password managers to store strong passwords, so employees don’t have to memorize them or write them down in places where they could be stolen.
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