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Why Your Business Needs a Password Management Application

Why Your Business Needs a Password Management Application

Not many will argue with the notion that remembering passwords is a pain. The act of creating unique and complex passwords and then remembering those passwords for every account you create is daunting to say the least. That is why so many people duplicate passwords across accounts. A Password Management application can help your employees create unique passwords and securely store login information, financial information, and other sensitive documents.

Some Statistics About Password Re-Use

The following statistics related to password re-use are not surprising, but are quite alarming for the security of your business:

  • 65% of users reuse passwords across multiple accounts.
  • 73% of users duplicate their passwords in both their personal and work accounts.
  • The average person reuses each of their passwords as many as 14 times each.

Because of these statistics, it is important to consider implementing a password management application that can ease the burden of password creation and avoid password re-use for employees.

The Solution – Keeper

Keeper generates high-strength, random passwords that can be stored in a vault and easily auto-filled into any account that has been added to the application. Keeper uses end-to-end 256-BIT AES encryption, provides Single Sign On (SSO) and Multi-Factor Authentication (MFA) support and integration, and is built on zero-trust and zero-knowledge architecture.

With Keeper you can avoid these common pitfalls:

  • Insecure password management: Employees no longer need to record their passwords in insecure places (e.g., document saved to their workstations with all passwords, sticky notes with passwords taped to their workstations, notepad with passwords at their desk, etc.)
  • Sharing passwords between users and departments: Employees no longer need to email credentials to others with shared account access.
  • Insecure password creation: Employees can use auto-generated passwords with Keeper’s password generator instead of re-using passwords or creating weak passwords.
  • Time-consuming tasks: Employees no longer must spend time resetting forgotten passwords because Keeper remembers all of them and auto-fills credentials when logging in. Additionally, Keeper can auto-fill lengthy forms, saving users time.

Other benefits include:

  • Identity & Payment Info: Securely scan and store your payment cards for faster checkout on websites and apps.
  • Securely Share Information: Securely create, share and manage records with family, friends and colleagues.
  • Secure File Storage: Protect your sensitive files, documents, photos and videos in a highly secure, encrypted digital vault.
  • Personal vault per user: Each user gets a personal encrypted vault with unlimited password storage.
  • Browser support & device cross-sync: Cross synchronization between an unlimited number of devices (e.g., web browsers, mobile, etc.).
  • Mobile device biometric support: Ease of access with mobile device biometric authentication (e.g., fingerprint, facial recognition, etc.).
  • Free family plan per user: Each user will get a free family plan, individual vault per family member (up to 5), ability to share records between family members, and manage family member permissions.
  • Dark web monitoring: If a user’s credentials are found on the dark web, Keeper directs a user to password change recommendations. ​
  • One-time share: Share records internally/externally with expiration.
  • Password access log: View access and password changes to records.
  • Advanced reporting & alerts: Reporting and Alerts (ARAM) empowers administrators to support compliance audits and monitor over different event types via customized reports, real-time notifications, and integration with Security Information and Event Management (SIEM) software. ​

If your business is interested in a password management application that can improve your business’s operational efficiency and safeguard your data, contact your Strategic Advisor at (877) 678-8080.