EITS Tech Tips & Tech News

5 Reasons You Need a Password Manager for Business Today

Written by Cody Osborn | Mar 13, 2024 8:04:44 PM

One of the most important things to consider for your business is security. Sadly, security breaches are becoming all too common

 

Your company's security has to be your top priority.

 

While there are many aspects to protecting your company's data, one of the most important aspects is your passwords.

 

If a hacker finds your password, they can easily access all of your files and compromise your business.

 

So what do you do? Have you ever considered a password manager for your business?

We think you should use one.

 

Related Post: The Types of Cyber Attacks Small Businesses Face

Why You Should Use a Password Manager for Your Business

The first thing you need to do is change all of your passwords and make them hard to hack! Once you have done this, you should have them stored on a password manager.

 

Here's why you should use a password manager:

1. They Save Your Passwords

The worst thing that can happen is you forget your passwords.

 

We don't recommend writing down your passwords or saving them in a Word Doc. The only method to consider is a password manager app.

 

These apps will save your passwords and other login credentials. These apps are encrypted so it's much harder for a hacker to access the passwords.

 

On many of these apps, you will have to enter a password just to read what your saved passwords are!

 

They can also automatically autofill your login credentials on your internet accounts.

2. The Features

What are some of the other great features of a password manager? As we mentioned in the previous point - one of the best benefits is to autofill your login credentials. When you need to expedite business operations, you don't have time to always type every password.

 

If your staff are on a business trip, you want to make sure that no one can look over their shoulder to see their password. This is where a password manager comes in handy.

 

We also mentioned making harder passwords. A password manager can also automatically generate difficult passwords for you. These are prepared to be hacker-proof and can greatly reduce the risk of hacking.

3. Choosing a Password Manager

So which password manager do you choose? We recommend reading our full guide on which ones are the best.

 

But you also want to look for one that has high ratings. You want to use an app that is simple to use.

 

Your password manager should also be able to decipher if your passwords are weak and/or vulnerable to any attacks.

 

You may want to start with a free version of a password manager first. We recommend trying out a few password managers until you decide which one is best for your company's needs.

 

Once you've decided which is the best one, make sure to use the premium version for best results.

Protect Your Company

Now that you know the benefits of a password manager for your business, you are ready to choose the best one for your company. Do your research on which one is best and start securing your company right away!

 

We also recommend looking at our Managed IT Services to see how we can help your business.