Password Manager

Enterprise Password Management Software: What Kinds of Features and Tools Should Owners Look for in a Business Password Manager?

One of the best ways for any company to increase its online security is to invest in quality enterprise password management software. These security tools will help protect your organization from scams. They also help prevent productivity loss due to forgotten passwords. All it takes is one password to get into the wrong hands, and all of your accounts and data will be compromised. Even customer details will be at risk if there is a data breach.

According to the National Cyber Security Alliance, over half of small to medium size companies will suffer from some type of cyber attack. Many of these end up closing down within a year – usually at around 6 months after the attack. Your business can be one of the 40% or so that stays secure all the time, and all you need are tools like password management services to have that peace of mind.

When teaching employees safe online habits, password management should be included in the training. Nobody will want to use software that is hard to understand or a hassle. For this reason, you should choose a platform that is easy for everyone to understand. You, or whoever else is in charge of your company, should get administrative privilege and decide which employees can have access to certain accounts.

Look for advanced security policies that you will be able to enforce, such as setting Master Password requirements, creating firewall rules, monitor sign-in attempts, enforce 2 factor authentications, and so forth. With the firewall rules, the administrator will be allowed to deny sign-in attempts from certain IP addresses and locations.

Enterprise Password Management Software With Reasonable Pricing

The ideal enterprise password management software should be reasonable with its pricing to make things fair for smaller businesses and start-ups. You don’t even have to pay for a full business account. If it’s small enough, you might be able to just get a “team” account, and just pay a small fee for every team member you add. From there, you’ll be able to instantly revoke, deploy, or grant access to shared vaults, and even add new team members whenever you need to – as securely as possible.

Deployment should be a simple process, even if you have a large business with a complicated structure. Use a password manger solution that integrates with other platforms like Okta or Active Directory so that you can provision employees using the processes you already have set in place.

When it comes down to it, the best enterprise password management software by far is 1Password for Business or Teams. Look over the subscription plans to determine which one is best for your company. You might be able to use some 1Password coupons as well.