Best Password Management for Businesses

September 11th, 2023
Best Password Management for Businesses

The best password management is important for businesses. If your passwords are weak or not stored in a safe location, hackers can easily penetrate your system, causing a myriad of damage to the company, your clients, your customers, and who knows what else. You don’t want that to happen!

Fortunately, there are now a lot of reliable password management solutions that are ideal for business use. Some are browser-based, while others are applications you can download onto your computer or smartphone. But if you want the best password management solutions, go with those based in the cloud.

Advantages of Cloud-Based Password Managers

Cloud-based password managers offer more in terms of both safety and convenience, as compared to all the other kinds.

Many people are still hesitant about using cloud technology because of safety concerns. They think cloud solutions are more susceptible to cyberattacks since they are “out there” instead of being in your office. But with the highly advanced encryption methods most cloud providers use, your passwords will be safer on the cloud than on your own servers.

As for convenience, a password manager company that uses cloud technology gives you easier access to your passwords. You can get into it on any device, no matter where you are, as long as there is an internet connection.

Top Best Password Management Solutions for Businesses Today

As mentioned earlier, there are many business password manager programs that are available these days. But we want you to experience only the safest and most reliable programs for your business. That is why we focused only on cloud-based password managers as we scoured the web for the five best solutions you can choose from.

LastPass is one of The Best Password Management

As an all-inclusive password management tool, LastPass offers many features and services that boost the security and overall management of your business login information. Some of their most popular features are password generation, auto-fill, and on-cloud storage. They use multi-factor authentication for added security.

Dashlane

Second on our list is Dashlane which, besides the same password generation, auto-fill, and storage features, also provides dark web monitoring. This service will immediately notify you if your login information becomes compromised. It also has a secure VPN service that makes for a fast and secure connection no matter where you are.

1Password

If you are looking for a business password company that will do much more than generate strong passwords for you and store them in a secure cloud location, 1Password is a great solution to try. They take password management to the next level by using AES-256-bit encryption to protect your data, and their vigilant monitoring will alert you as soon as they detect a breach or even the existence of a weak or duplicate password in your system.

Keeper

One of Keeper’s features is the many security layers it offers. Ideal for both business and personal use, Keeper uses end-to-end encryption to protect your credentials. They combine AES-256 with PBKDF2 encryption,   an advanced technique used only in top-security networks, making your data virtually untouchable by hackers.

RoboForm

RoboForm proves you don’t have to spend thousands of dollars to enjoy top-quality security for your passwords. With one of the most affordable subscription rates available today, RoboForm does not offer as many features as some of the more expensive options. However, they provide solid password auditing, auto-fill, and multi-factor authentication, which will more than keep your login credentials adequately protected.

Final Thoughts For Choosing The Best Password Management

Choose a password manager that fits your business needs. When considering software, it is important to prioritize security, compatibility, ease of use, and compliance. Make sure the rules are followed with regulations that apply to your industry, like the GDPR or the PCI DSS.

For password tips and tricks, Download our Free Password Management Cheatsheet. If you’re not already using it, passwords are safer in the Cloud! Also, watch our cloud webinar about password safety and management. We are just a call away if you need any advice or help with password management!


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