Complex passwords are hard to remember - there’s no denying that. However, there is also no denying how important it is to use different ones for each account, all sufficiently complex and stored in a way that you can only access them. The point is, a lot of people use bad password practices because good password practices are too difficult and time consuming. There has to be some kind of acceptable middle ground… and there is.
Password Management Systems.
A password manager is a program that keeps track of your passwords in a secure and convenient way. While these are available for individual users, we are more concerned with those that are meant for businesses to leverage.
These solutions have a reputation for being complicated and time-intensive to set up. However, this no longer has to be the case with so many options available at the enterprise level with features that can be tuned for your business.
During your search, you will want to make sure your chosen password management system offers the following features:
While this may seem obvious, not all of your password management options will necessarily offer the same protections or follow the same practices. For instance, standalone password managers are inherently more secure than those tied to another solution, like a built-in one in your browser of choice.
These separate solutions usually have additional features to assist your security as you use them. Good password managers will remind you of best practices if too many saved passwords are the same or too weak and will require multi-factor authentication to be accessed in the first place. It also wouldn’t hurt to find one that also notifies you when you’re due to update some of the passwords you have saved.
It should also never save one password: the master password used to access the solution itself. That is still the user’s responsibility.
As far as behind-the-scenes security is concerned, you should find a password manager that is itself protected by a variety of security features, like encryption, role-based access, and secure cloud storage.
Determining where your credentials are kept by the password manager is another important detail to keep in mind, largely as an extension of your security considerations. Does your password manager save your passwords to the cloud, or are they kept natively on the device? Either approach has its pros and cons.
If the cloud is leveraged, your credentials will be available to you on any of your devices… but this does put your credentials in the crosshairs if that cloud solution was ever breached. If you keep your credentials stored locally, you won’t risk losing them in a cloud storage breach, but they are still vulnerable. For instance, if that device fails, there go your passwords.
Generally, this won’t have much impact on the solution you choose, as most enable either option, if not a combination of both.
As difficult as your password manager should make things for cyber criminals, it should make simple for your legitimate users - starting with adding and removing them to the business’ accounts. They should find it easy to change their password as needed, and your password manager should automatically log a user into a website or application. If it senses that there are not currently credentials for that site, it should offer to save them.
If you’d like assistance with selecting, implementing, and utilizing one in your business, let us know!
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