When choosing a business password manager, look for features like auto-saving, auto-login, login security audits, and secure password sharing — 1Password and Dashlane include all these and more. My colleagues and I tested each feature of every product on this list and reached a consensus on their quality. Sticky Password is an okay option for smaller teams looking for a simple business password manager. Its interface is a little pixelated and not nearly as well-designed as other brands on this list.
Well-defined ownership for the passwords stored in the centralized vault. Securely manage shared accounts such as ‘Administrator’ on Windows, ‘root’ on Unix/Linux, ‘enable’ on Cisco, ‘sa’ on SQL and others. Moreover, the owner or the employee can also use one secure Master Password that he can apply to access all of the data securely. This feature supports a modern, flexible work environment and ensures employees can access the resources they need from anywhere. As open-source software, Bitwarden provides full transparency into its codebase, allowing businesses to verify security measures and adapt Bitwarden to their specific needs.
Benefits of using a password manager
Secure password sharing allows teams to safely share access to systems and accounts. Autosave and autofill features simplify the process of password management, making it easy for users. The password health check and data breach scanner features proactively help businesses identify and address security risks. Secure notes feature allows users to store and share sensitive information, such as software licenses or business notes, securely within the platform. Automated password changer generates strong, unique passwords and applies them to accounts automatically, thereby reducing the manual work involved in password management.
They want to quickly provide access to systems and sensitive information for their team and manage updates. Some team leads might have used a password manager before, having a good overall understanding of the concept and its benefits. They might need help organizing their team and passwords within the password management system itself. Sometimes existing employees will move into new roles, which might require a transition in software ownership or updating user access levels. With a password management system in place, moving transitioning employees into new groups with new shared folders or updating role access could just take a few clicks. Keeper is a password management tool that offers top-tier security and EPM services.
Specops Software Password Management Tools
Kelly is an SMB Editor specializing in starting and marketing new ventures. Before joining the team, she was a Content Producer at Fit Small Business where she served as an editor and strategist covering small business marketing content. She is a former Google Tech Entrepreneur and she holds an MSc in International Marketing from Edinburgh Napier University. Be sure to read reviews and customer testimonials regarding features and experience before moving to a premium service. At present, the official version is solely compatible with Windows operating systems.
This makes it easier for administrators to transfer logins to new hires and maintain a secure digital workplace. Enpass Business can store employees’ passwords locally, but the organization can add cloud storage options. A unique feature is automatic offboarding, allowing an administrator to delete data from employee devices and vaults when they leave the organization. A new feature for business accounts is a mandatory multi-factor authentication option for business account administrators.
What does enterprise password management software do?
Even once secure passwords can be forgotten, non-compliant, repeated, or simply shared with the wrong person, increasing the risk of a data breach. Finally, note that above all else, a business password manager should be easy to use. Employees baffled by a password manager may stop using it and return to less secure ways of storing and sharing passwords, or worse, using the same passwords everywhere. If you try one and later realize it doesn’t work for your organization, don’t worry, as most services make switching password managers easy. The IT divisions of some of the World’s largest organizations and Fortune 500 companies rely on Password Manager Pro to control access to their IT infrastructure. Over 300,000 IT admins and end users log in to Password Manager Pro on a typical day and manage millions of privileged passwords.
Almost 81% of hacking-related data breaches involve either a weak or stolen employee password. How an organization manages and protects credentials is critical to cybersecurity, which is why a growing number of companies are investing time and funds into enterprise password management. After creating the vault, you send out invitations to your employees, asking them to make https://www.globalcloudteam.com/ their accounts. Some business password managers include free family plans for employees to encourage proper password hygiene at home. After your employees are in the system, ask them to enable multi-factor authentication for their accounts. No, Google doesn’t offer a business version of its password manager — its password manager is currently only available for individuals.
Pricing shown is based on an annual subscription.
Not only is this a big time saver — it’s also super secure, and it allows you to have more granular control over your team’s access rights. However, I did find 10 really good password managers for businesses. Plus, they offer all the standard password manager features, like password generation, auto-save, https://www.globalcloudteam.com/projects/enterprise-password-management-platform/ and auto-fill, and do them all well. Bitwarden is an excellent open-source password manager that is backed by a global community of knowledgeable security experts. With Bitwarden’s free tier, you can store an unlimited number of items such as passwords, cards and notes in an encrypted vault.
While those might sound like bells and whistles, the easier a password manager is to use, the more likely you’ll use it. Employers who want to keep an eye on their employees’ password hygiene while also providing the company with an option for low-cost password management may want to consider RoboForm. Administrators looking for a low-cost but secure option for keeping employee credentials private should consider Bitwarden Teams. The service also supports SSO and multi-factor authentication methods.
Which Enterprise Password Management Solution Should You Choose?
End-to-end encryption ensures the utmost security for your business’s sensitive data and passwords. RoboForm offers offline access to your passwords, ensuring your business can manage and retrieve passwords even without an internet connection. Secure password sharing makes it easier for teams to share access without compromising security. Admin controls should allow full oversight of how all employees are managing their passwords, and whether they’re following proper security practices. All of the brands on this list include some kind of admin controls, giving IT departments and other administrative staff the ability to restrict certain permissions and implement necessary security protocols.
- Each employee gets a personalized virtual “locker” for storing credentials.
- But without a centralized password management system, you have no visibility or control to protect privileged accounts from attack.
- Supports out-of-the-box a wide range of target systems, databases, network devices for access control and automatic password resets.
- PAM is a comprehensive solution for enterprise password management that eliminates drudgery and decreases your risk of attack.
- Technicians who travel from site to site and leaders on business trips are just two types of people who can benefit from that type of additional protection.
Additionally, it aids the automated rotation of passwords instead of wasting hours changing them one after the other. They may or may not have used a password manager previously, but their biggest obstacle is time. They have packed schedules, with minimal openings to learn a new tool. If they don’t personally see the value in a password manager early on, they might be hesitant to approve the continued use of one enterprise-wide.
Short on time? Here’s the best business password manager in 2023:
These passwords are insecurely stored in spreadsheets, text files and even as printouts and are shared by a group of administrators. It is then critical to change credentials in real-time for security reasons. The owner then immediately revokes access and updates the credentials that are left behind by employees who have resigned from the company. This feature eliminates the risk of external attacks by disgruntled former employees. This capability is also very important to the security of the data of the company as a whole.
