Having robust passwords in place is important to prevent data breaches. After all, you don’t want hackers stealing your business’ passwords with their advanced cracking techniques.
Enterprise password management software utilizes security controls to avert internal and external threats. It has the power to guard your master passwords, credentials, authentication tokens, and keys.
Centralized password management systems may be accessed from the cloud or installed on premise. They provide password security for all kinds of privileged accounts within your organization.
Enterprise password management software brings in a number of valuable benefits, such as:
Efficient handling of passwords
When you manage enterprise passwords manually, you can’t expect to have full visibility and control over your system. It’s also difficult to keep pace with the changes happening in your organization. Standard password protection tools may not have the right capabilities to support an enterprise. Meanwhile, enterprise password management is simple and easy to manage. They can also optimize your systems, reducing the risk of failure.
Better security controls
As people leave and new projects come up, you need to change or remove passwords in real-time. This is particularly necessary for shared accounts and systems to keep them secure. To avoid the risk of data breach, enterprise password management can monitor password activity and update passwords automatically and regularly.
Password management best practices such as creation, rotation, monitoring, and removal of codes must take place without interrupting people’s work. When you use enterprise password management solutions, you don’t have to share passwords with another person anymore. It keeps people’s productivity at an optimum level and prevents skirting security controls.
Saves your IT team’s time
Enterprise password management saves your IT team’s time. It automates everything including tasks like account provisioning and deprovisioning, account discovery, password rotation, and consolidated reporting and auditing.
IT password management can also be streamlined when the software is integrated with other critical IT systems, such as SIEM, IT ticketing, and other platforms.
Takes care of application passwords
Some applications and services need account credentials for them to run. Using application password management is imperative since they are hard to track and decipher. It’s essential to store these credentials in a secure vault so they can be managed, monitored, and removed based on your security policies.
Auditing and reporting
To ensure that you are meeting compliance, enterprise password management software can provide detailed reporting on security practices that you implement.
There are many highly secure and innovative password managers available today. Here are some of them.
1. Dashlane
Dashlane offers two plans for business namely: Team and Business. Both plans offer best in class security architecture, with features such as AES 256-bit encryption and two-factor authentication on their roster.
The lower tier plan called Team allows businesses to manage everything from a central admin console. They can configure permissions, policies, remote wiping accounts, etc.
Meanwhile, the upper-tier Business plan gives premium family accounts for users. It also uses SAML-based single sign-on for easy and convenient login across various accounts.
2. NordPass
NordPass is one of the well-known enterprise password management software out there. It is user-friendly, affordable, has robust security and wide support as compared to other providers.
NordPass boasts of its biometric authorization and optical character recognition (OCR) scanning. These features make it easy for users to access systems. Aside from this, it has a password-sharing feature that is likened by many organizations.
With the platform’s zero-knowledge security architecture that uses end-to-end encryption, you can ensure data is never compromised.
3. LastPass
LastPass has a top-notch security framework and intuitive interface, making it an excellent choice for managing enterprise passwords. It uses end-to-end encryption and TLS protocols to keep your data protected from prying eyes.
In addition to the standard features, it also offers password generation, emergency access, one-touch login, and automatic syncing. Users can also enjoy functionalities such as password sharing, advanced administrator controls, as well as the inclusion of single sign-on and multi-factor authentication technologies.
4. Keeper
Keeper has a wide range of subscription plans. It matches the needs of every company, whether you have a small business or a large enterprise. The business password manager plans provide each staff member a private vault where they can manage their own passwords. It also has the ability to share encrypted folders with their team members.
Admins have the authority to manage user groups, implement password security, and carry out security audits. It also has role-based access management, allowing admins to fine-tune the system.
Final Thoughts
Keeping cybercriminals away from your network is critical if you’re doing business. You need to utilize the best practices like having enterprise password management software in place. This will make it easy for you to keep track of passwords and keep your critical files secure at all times.
Contact us at Comodo to find out how we can tighten your security measures.
