Business password managers provide essential features for IT administrators that personal password managers can’t match.
With ransomware attacks on the rise, businesses should ensure their networks are completely secure. Many businesses rely on password managers to keep intruders out of their networks. A password manager can help ensure that every password used by your business is unique, and is hidden behind a layer of encryption.
Small businesses adopting a password manager for the first time may be tempted by consumer-grade password managers. After all, personal password managers are inexpensive and typically include lots of security features.
However, password managers designed for home users simply don’t provide the security businesses need. In this guide, we’ll explain why every business owner should invest in the best business password manager (opens in new tab) rather than rely on a consumer-grade password manager.
The role of an IT administrator would be much simpler if every employee could be trusted to create strong, unique passwords for all their accounts. The truth is that employees are busy, and corporate security isn’t usually a priority. Without oversight, employees often reuse passwords or create weak passwords that can be easily guessed.
If your business uses personal password managers, you have no way to police rules about how strong or unique passwords should be. If employees are reusing passwords without your knowledge, this could create an opportunity for intruders to access your network.
With a business password manager, administrators can set rules around how strong passwords must be. For example, an administrator can require that all passwords contain one or more special characters. Administrators can also automatically block employees from using the same password for multiple accounts.
This is important because it makes your company’s online accounts more secure. Not only are employees’ passwords harder to guess, but a single stolen password won’t allow an intruder to get very far within your network.
Another significant downside of using a consumer-grade password manager for business applications is that they don’t support single sign-on (SSO).
