The Importance of Password Management

Password management software is great for consumers and here we will explain why we believe it is essential for businesses.

Knowing that a single breach can have consequences that affects an entire business and everyone who works for it makes password management more important today than it’s ever been.

Password management software stores passwords securely so users don’t have to worry about remembering them.

Here’s a few reasons why every business should make this software part of its security toolkit.

#1 – People using the same passwords repeatedly.

This is understandable but it is also a dangerous practice.

We can understand that it is difficult to remember dozens of new passwords, so people tend to use the same ones again and again.

However, this practice is very dangerous because it means that a single password compromise can open the gates for intruders to log on to multiple services, stealing information from each one along the way.

Using a password management program ensures that users can easily apply different passwords to each service which ultimately would limit the damage should any one of them be compromised.

#2 – Password managers protect against phishing attacks.

Phishing attacks are one of the most effective ways cyber criminals steal login credentials.

Phishing emails that appear to come from legitimate services, but that direct recipients to fake login screens that are set up solely to capture the passwords.

Most people are prone to phishing attacks, but password managers aren’t. If the domain name doesn’t match the record within the password manager, it won’t serve up a password!

#3 – They support multi-factor authentication.

Two-factor authentication (2FA) requires users to supplement passwords with a second form of identity, such as the answer to a challenge question or a PIN code sent to their smartphone.

Leading password managers provide various two-factor authentication methods, which will add an extra layer of protection for everything stored in your password manager.

CSE Agency does not only provide Cyber Security and monitoring packages, but they also provide training for your staff and assist them in recognising potential threats on their computers. Allowing the hacker time to perform his attack will only maximise the damage to your business, which makes reporting unusual activities very important.