Top 5 Signs You Need Better Password Management

Top 5 Signs You Need Better Password Management

A password manager is an effective tool for generating, organizing, and maintaining username/password combinations. For an additional layer of security, many individuals and companies incorporate two-factor authentication using hardware or software solutions. This additional layer of security minimizes the potential for cyber-attacks from individuals that can decipher passwords.

Having the ability to manage passwords has become extremely crucial for both individuals and companies. Passwords are used every day to protect sensitive confidential information and crucial data that needs to be kept safe. The simplest way to manage and protect all that valuable information is to use premium password management software. Because gaining access into email accounts, financial accounts, and other critical accounts is essential for most organizations, it is important to use a password manager to securely store and organize the accessibility of all company passwords.

Maximizing Protection from Attacks

Individuals and companies now use the computer and the Internet to perform a huge array of functions in their private and corporate world. With the need to access cloud computing applications to maintain and organize crucial data, it becomes even more apparent that additional layers of security must be added to maximize protection against cyber-attacks.

Here are 5 specific signs that an individual or company needs to use a password manager to maintain all of the username/password combinations:

  • Using Single Passwords – Studies indicate that three out of every four online users simply memorize their username/password combinations. Because of this, they typically use one or two passwords for all of their accounts. Using a single password provides an easy opportunity for any hacker to crack the code, or to use dedicated software designed to decipher a password. By incorporating multiple passwords organized and managed by a password management solution, the user can add a strong layer of security to their online accounts.
  • Poor Organization – If a user is storing their passwords in an excel document, it is time to look at a password management solution. A password manager can keep the online user well-organized. It can store usernames, passwords and URLs using encryption technology.
  • The Need for Secure Remote Access – Now that the workforce has become extremely mobile it is more important than ever to maintain the security of confidential information from remote locations. A password manager can maximize security on mobile devices to ensure the crucial data stays confidential. With auditing capabilities, companies can track who is accessing what.
  • The Need to Maintain a Strong Password Policy – Many companies implement a strong password policy that needs to be maintained at all times. A password manager can help mandate employees to create strong passwords that are more difficult to decipher. For companies and individuals that need to create a large number of “undecipherable” passwords, many password management tools can automatically generate very strong passwords instantly.
  • Routine Maintenance – For companies and individuals that need to change their passwords on a routine basis, a password manager can be set to automatically notify the individual when that time comes. Additionally, if any password has been changed, the password management system will automatically notify the individual while it continually monitors for any breach.

A password manager is an effective tool for generating, organizing, and maintaining username/password combinations. For an additional layer of security, many individuals and companies incorporate two-factor authentication using hardware or software solutions. This additional layer of security minimizes the potential for cyber-attacks from individuals that can decipher passwords.

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