Password Management

Why does your company require Password Management Service? If you find yourself using the same password for every website you visit and service you use, you’re not alone. A majority of people recycle passwords regularly, despite most knowing that password recycling is a dangerous habit.

For companies, poor password management poses a significant threat. Frequently, employees or executives are put in charge of determining passwords for business-critical accounts and software. Unfortunately, employees and executives appear to recycle passwords in the workplace in much the same way they do at home.

Each year, data breaches in the United States cost companies multiple millions of dollars on average to address. That’s capital many businesses can’t afford to lose. In fact, a vast majority of company data breaches can be traced back to poor password management.

Encouraging better password management – particularly for data-sensitive applications – can alleviate a majority of data-related security concerns for your business. Password management services centralize the management of all your passwords. They’re capable of generating completely random passwords for every service or website you access. The password management service then stores these passwords in one easily accessible location.