The Business of Password Management: How to Perfect It

Password Management
Password Management

Given that 53% of people rely on their memory to manage passwords, it’s not surprising that 23 million people still use 123456 as a password. Unfortunately, that’s a quick and easy access point for hackers. here get t he Business of Password  Management information.

Password management is a real challenge for organizations. How can you be better about business password management and encourage others to do the same? Let’s take a look.

Avoid Reusing Passwords

We all do it, but it’s a terrible habit. Using a password you like and can easily remember over and over helps you access what you need, but it’s an invitation to hackers to access your data and compromise your company.

What can you do to avoid reusing passwords? One option is to use a password storage system so that you don’t have to remember your passwords personally. These software programs often generate high-quality passwords for you as well.

Concerned your employees will forget their passwords? A self service password reset program can put you at ease.

Use Multi-Factor Authentication

When passwords are not necessarily as strong as they could be, multi-factor authentication can add an additional safeguard. Having layered security can help your business protect important assets and prevent password hacking.

However, make sure your staff understands that multi-factor authentication doesn’t mean employee passwords can be weak. You can also try using a passwordless authentication service that has amazing security features.

Enact a Zero Trust Policy

Despite the name, zero trust isn’t about being suspicious of everyone who works at the company. Instead, it’s about limiting access to sensitive information to specific users who truly need it.

There is no default access awarded. Instead, the security protocol has to verify and authorize every connection.

This is especially helpful in today’s remote work world. You can’t ensure that everyone’s devices or home networks are at the level of security you want. Instead, using zero trust allows you to review each connection individually.

Companies often think of security using a “perimeter defense” model. They assume everything inside the organization is trustworthy and that threats will come from outside. Unfortunately, while your employees may have no ill will, outside devices are easier to compromise and thus an internal connection becomes an avenue for an outside attack.

Don’t Let Employees Choose Passwords

A final step is to simply take password management out of the hands of employees. You can set user passwords behind the scenes through the IT department, keeping passwords strong and logins automatic.

This requires you to use a different form of identification, such as an employee number, barcode on an ID, or other authentication that employees don’t set but can easily remember.

Business Password Management Matters

Having strong business password management is essential, no matter what size your company is. Keeping data secure and hackers out is a challenge, but when you protect data by storing passwords, using zero trusts, and taking the other steps in this article, you’ll be much safer.

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