CYBERSECURITY: Password Management – Does it matter to my business?

We know that solving the security disconnect between IT and employees demands the right solution. When 85% of breaches involve a human element - phishing, stolen credentials, or human error, employee password practices remain the weakest point in a company putting sensitive data at risk.

As many companies utilize a remote workforce, businesses need to ensure security while enabling their employees to work from anywhere. However it’s not just about security; passwords are a source of frustration, decreased efficiency, and lost productivity for employees too.

Password management provides the simplified workflow that employees crave without sacrificing security or control. It is a foundational tool to protect your company from a data breach.

What is Password Management

Password Manager is a software tool that helps a users store, manage, and protect their passwords. Passwords and other sensitive data stored in the password manager are usually encrypted, ensuring that only users can access their logins. Built-in password generators create randomized passwords for every account.

What are the benefits of a Password Manager?

People have too many passwords to remember and manage in the workplace and at home. Creating memorable passwords or writing them down somewhere unsecured is a big NO-NO.

Password management automates routine password-related tasks, like creating, managing, filling, updating, assigning, and sharing passwords. Remembering and creating countless passwords is no longer a burden for employees and a more secure environment.

FACTS:

• More than half of the data compromised in breaches in small (52%) and large (64%)businesses was credentials.
• With 15 billion stolen logins circulating on the dark web, IT must ensure employees’ credentials remain secure.
• 85% of breaches involve a human element, which encompasses any attack that involves a social action such as phishing, stolen credentials, or human error.

Once you’ve chosen a password management solution, you will want to ensure that it is widely adopted and used to its full potential by both employees and admins. Jackson Technologies, led by Paul Jackson -- CEO/Cybersecurity Specialist, has various programs focusing on Password Security/Management. We provide a customizable plan that suits the business needs.

Join us in our weekly Cybersecurity Briefing where we talk about different cybersecurity strategy, cybersecurity risk assessment, and more.

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