Most companies and individuals benefit from password applications that generate and store credentials for cloud-based services, including cloud storage. For example, if you save passwords to a spreadsheet then copy them before pasting them to a login page, your password is briefly visible and could expose your sensitive data.Īccording to Keeper’s 2019 Global State of Cybersecurity in Small and Medium-Sized Businesses, “seventy percent of SMBs report that their employees’ passwords have been lost or stolen in the past year.” Moreover, 54% say they have “no visibility into employees’ password practices.”Ĭonsequently, stolen credentials end up for sale on hacker forums and the dark web, a problem that plagued Zoom’s reputation in 2020 after more than 500,000 accounts were compromised. Without a password tool, you may use less secure methods to save passwords. When you open a program in a browser window or app, the password manager automatically fills in your username and password. Typically, they work on multiple devices and offer features, such as administrative management or two-factor authentication. What is a password manager, and who needs one?Ī password manager is a secure vault that saves passwords, and in some cases, generates them. Below we’ll discuss why password managers are essential, how to choose the right tools and some free and paid apps to consider.
Password management tools work seamlessly across devices and software, allowing you to access your business-critical documents anywhere. Without a password manager, your software credentials are tied to your device. Likewise, you may use several devices throughout your workday. As a result, you may feel tempted to reuse a password or choose a simpler combination, but doing so can put your company at risk. But it’s nearly impossible to remember the lengthy number, letter and symbol configurations for every cloud-based app. Secure passwords are critical to strong cybersecurity.
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