The Practical Advantages of Password Managers
Password managers simplify your life. They save users time, work seamlessly across devices and operating systems, protect your identity, notify you of potential phishing websites, and send alerts if any password becomes compromised.
But there is a bigger trio of security advantages that can bolster your systems overall. These include encryption, multifactor authentication and zero trust.
Encryption. Password managers encrypt all your logins, no matter the device or server you are using. When it’s time to create a new password, the configuration is encrypted, making it nearly impossible for a hacker to decode your logins. This level of protection makes your personal experience safer and serves as an overall line of defense.
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Multifactor authentication. The best password managers require multifactor authentication before you can gain access to any information inside the “password vault” of stored, secure keys. Each authentication, whether that be face recognition, a fingerprint ID or a text, “builds another wall around your passwords, so you know they are kept extra-secure,” notes the National Cybersecurity Alliance.
Zero trust. Password managers are a great way to establish a zero-trust policy in your business. Even if you are working on an organization’s server, company phone or laptop, zero trust allows only you to gain access through multifactor authentication. This truly protects the employee’s privacy.
How to Get Started with a Password Manager
Password managers are still underused, but the appetite for them is growing. In fact, 71 percent of people without password managers are open to signing up for services in the future, according to Security.org.
To get started with a password manager, organizations can work with a trusted partner to set up a license and maintenance schedule. You can also browse different systems to compare features that fit your business best or look at options from Google or Apple.
What’s most important to remember is that password managers are an effective tool in the suite of defenses that IT leaders should be using to fight cyberattacks.