Published on Monday, 4 December 2023 at 10:46:09 AM
Breached or stolen passwords pose a significant threat to an organisation’s cyber-security, it’s been reported that they contribute to over 80% of data breaches. Hackers exploit weaknesses in passwords, be it through theft, weak choices, or password reuse, making password security a critical concern. While alternative technologies like biometrics and passkeys have not yet replaced traditional passwords, companies must find secure ways to share and manage passwords effectively, given the escalating cyber-security threats.
Integrated ICT can be a valuable ally in developing and implementing robust strategies for password management and cyber-security. Our team specialises in assisting clients in fortifying their defences against cyber threats. Our aim is to implement a proactive approach to data security. Here's how we can help your organisation enhance its password management strategy:
Why Use a Business Password Management App?
Centralised Password Management
Password managers, a solution gaining popularity, provide a secure digital vault for safeguarding passwords. Business versions facilitate the separation of work and personal passwords and include administrative functions crucial for preventing critical password loss. The centralised approach enhances security and simplifies secure password sharing within teams.
End-to-End Encryption
Leading password managers employ robust encryption techniques, scrambling passwords into unreadable text during storage and transmission. This virtually eliminates unauthorised access, providing an additional layer of security when sharing passwords with employees.
Secure Password Sharing Features
Password managers offer secure password-sharing features that allow administrators to share credentials without revealing the actual password. This feature is particularly beneficial during onboarding or collaborative projects, ensuring employees access necessary credentials without direct exposure to sensitive information.
Multi-Factor Authentication (MFA)
Integrated ICT recommends password managers with multi-factor authentication (MFA) support. MFA adds an extra layer of security, reducing the risk of unauthorised access by 99.9%, according to Microsoft. This feature is crucial when sharing sensitive information with employees, further enhancing password security.
Password Generation and Complexity
Password managers often include built-in password generators that create strong, complex passwords, mitigating the risks associated with weak or reused passwords. Employers can use these generated passwords when sharing credentials with employees, promoting a higher level of security.
Audit Trails and Activity Monitoring
Many password managers provide monitoring features, offering the ability to track user activity and access history. This transparency and accountability within the organisation help identify suspicious activities promptly and take necessary actions to ensure the security of shared passwords.
Secure Sharing with Third Parties
Password managers offer secure methods for sharing credentials with third-party collaborators or contractors. This functionality is particularly useful for businesses working with external entities on various projects, maintaining control over passwords and eliminating concerns about losing access when key employees leave.
Ready to Try a Password Manager at Your Office?
Password managers represent a secure and convenient solution for sharing passwords with employees, playing a crucial role in enhancing an organisation’s cyber-security posture. By partnering with Integrated ICT, businesses can proactively protect sensitive information and foster a culture of security awareness among employees. Investing in password management solutions is a proactive step toward safeguarding valuable data. To get help in implementing a secure password management strategy, contact Integrated ICT today for a consultation or complete an online form. Want to speak to someone now? Call 6374 8200.
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