You may be aware that big businesses use password managers to add an extra layer of security; however, you may not know these five reasons why even small teams need them.
Password managers are more than security vaults for sensitive login details. The best ones, like Dashlane, help you generate passwords, test the ones you use, and more. You may be wondering if this is a worthy investment since you run a small team and likely have not hit revenue.
These five tips may convince you to buy a plan with password managing software, or at least take password security seriously:
1. Generate strong passwords: Many people (and I am not left out) feel like they have no more passwords left in them. While several platforms now offer password generation features, having trusted software for all your log-in sessions is better. We don’t need to revisit the risk of using one password for several accounts.
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2. Stop you from storing passwords in insecure places: If you are one of those that store passwords in places like messages, device drafts, emails, or spreadsheets, you are sitting on a time bomb. Any of these can be easily compromised either through you or a colleague. A password manager is likened to a vault because it provides protection enough to stop a full-on hacking campaign.
3. Sharing passwords: Like the point mentioned above, sharing passwords over DMs may not be as smart as you think. A security lapse like a bad actor peeking over a shoulder during transit can lead to a big security breach. Password managers let you share passwords with colleagues over a secure line that they don’t even have to open. Features like copy and autofill allow users to extract passwords safely.
4. Resetting passwords: If your team doesn’t have a joint software where everyone with access can find their login details, you may start seeing time-consuming exercises like ‘reset password’ coming up often. To avoid this, use software that lets authorised users get their passwords easily.
5. Put extra policies in place: Dashlane allows you, as a team leader or cybersecurity expert, to instate additional precautions as you deem fit. For example, you can block passwords from being shared outside the app, making phishing attempts over email moot. Also, you can remove a former employee’s access from a shared account instead of tediously changing their passwords.
What is more, most password managers have free accounts and premium plans that are less than $60 a year.
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