Does My Business Really Need a Password Manager?

Does My Business Need A Password Manager

We have all been there before: you make an account on a new website and use the same reliable password that you have used for years. Having one “strong” password makes all those pesky logins easy to remember and faster to access!

But now it’s 2021, and computers—and hackers—are smarter than ever. Even if your password has the recommended capital letters and symbols, your old password is probably easy to crack.

But why change your password? It’s much more difficult to keep track of a list of passwords, and even more difficult to share those passwords between employees within a business.

That’s where password managers offer the perfect solution!

What Is a Password Manager?

A password manager is a software application that stores and manages your passwords. All of your secure login information is stored in an encrypted database that is locked behind a master password.

Once all your usernames and passwords are stored in the manager vault, you only need to remember one master password to access whichever login credentials you need.

Therefore, password managers are the perfect solution for creating strong, safe passwords for each website or app that your business uses, while also removing the hassle of remembering them all.

Benefits of a Password Manager

From security to accessibility, password managers offer a wide range of benefits to businesses every day. Upgrading your password management to a trusted application will streamline your workflow while significantly increasing productivity and communication.

You Can Use Stronger Passwords

If you don’t need to worry about remembering your passwords, then you can use much more complex and secure logins without the hassle of forgetting them.

This also guarantees that your employees will use a different password for every new account, increasing your business security tenfold. If there is ever a security breach, you can rest assured that every website and app account has its own robust security system.

Faster Access

Don’t waste precious time typing in passwords for each website or app that your employees use each day. With a password manager, once the master login password is entered, will automatically fill in your business credentials and allow access to your workspaces.

Streamlining your workflow with a password manager results in increased productivity and therefore, increased business profits.

Secure Password Sharing

One of the easiest ways to get hacked or have a data security breach is by sharing your private passwords through email, message, and shared documents. The more a password is sent between employees, the easier it is to be tracked down by hackers.

With a password manager, each employee has access to the entire vault of login credentials via their own personal set of master passwords. Password managers completely erase the need to send sensitive information throughout your business.

MyGlue

MyGlue offers all of the aforementioned benefits of a password manager, plus more!

With MyGlue, in addition to storing passwords, you can also save credit card numbers so that your business can streamline your client payment processes. From security features like audit trail, version history, and SOC 2 compliance, MyGlue is fully equipped to process your sensitive documents.

Password Best Practices

Even with a strong password management service, you will still need to create strong passwords for your applications and a master password for your overall system. Let’s quickly review the most up-to-date best practices for passwords:

  • Don’t reuse your passwords.
  • Create passphrases, not passwords.
  • Enable two-factor (2FA) or multi-factor (MFA) authentication.

Utilizing multi-factor authentication, often requires that the person receive a verification code via text or email. This adds another layer of security to all logins.

Passphrases that are unique to each application you use are much more secure than a complex (but easily guessed) string of letters, numbers, and symbols. Next time you make a password, try a phrase such as “birdcupmattressfork” instead of pA2$w0Rd!@#.

Strategy Will Keep You Secure

Our technology and marketing experts use password managers every day. We are here to assist you in your technology and security needs – whenever and however possible.

Connect with our technology team to learn more about MyGlue and other password managers, or send us a message to discuss how we can help you improve your business and bring it to the next level!

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