With so much of the modern economy being run through the internet, it's no wonder that password security is a paramount concern for companies. Electronic espionage and data theft can allow your competitors to catch up or even surpass you, and the loss of sensitive information can be extremely damaging to you company.
One way that many firms have attempted to combat these concerns is through the use of password regulations and forced rotations. Though these are great tools for keeping passwords fresh, they can also be a source of frustration when memory starts to slip. Below, you'll find a guide to some of the advantages of using a secure password manager, allowing you to avoid those pitfalls.
Eliminating Paper Reminders
When many people are faced with rules and regulations for setting up their work passwords, they rely on older and simpler methods to help them remember. Rather than following the spirit of the password rules they simply adhere to the letter, and then write those passwords down on scraps of paper which may flow freely around the office.
By centralizing and securing passwords electronically, you can discourage that behavior while still sealing them off from unauthorized access. This is especially important in buildings without on site trash destruction, as the most serious corporate espionage attempts won't be deterred by a garbage dump.
Rotating Password Changes
Typically, your passwords will be most vulnerable toward either the beginning or end of a cycle. At the beginning, multiple changes at once may make intrusions hard to notice, and toward the end, brute force attacks will have had sufficient time to run their course and attempt to secure access.
Utilizing a secure password manager can allow you to decentralize the times at which passwords rotate, since they'll be easier for users to keep track of. This can help keep incursions off balance by making your company harder to predict, providing an additional buffer against password attacks.
Greater Password Diversity
Even with restrictions in place, individual users are likely to keep their rotating passwords very similar to each other in order to make remembering easier. It can be hard to discourage this practice, but a secure password manager will help. By storing the passwords locally and requiring users to remember less, it'll likely be easier to encourage them to use variety in their passwords and therefore make it less likely that one account being compromised will result in a loss of the full system.
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