In 2007, it was estimated that one cyber-attack occurs every 39 seconds which would result in ~ 2 160 cases of cyber-attacks daily. The situation today has changed quite a bit and the number of attacks grows every second reaching tens of millions per day. A growing cybersecurity spending, which is estimated to reach $1 trillion by the end of 2020, indicates that the threat is closer than one may think.

Companies and organizations working in the fields of utilities, education, or government are among the top targeted industries of cyber-attacks in the world. Even if your company does not belong to any of these industries, that does not mean that the cyber threat to your company does not exist.

Every day customers entrust companies with their personal information. Passwords, credit card numbers, documents, and other things are required to validate one’s information, existence, and credibility. When offering online services, a company should be aware of the responsibilities falling on its shoulders and should do everything in its power to protect its customers.

One of the most crucial tools in preventing data breaches in your company is organization password management.

What are the risks of not taking care of your passwords’ security?

It is hard to keep track of how many accounts one person has and how many passwords he/she has to remember. People tend to save the problem of remembering the passwords by simply storing them in unprotected spreadsheets or allowing the system to remember it for them. This way they put their password in an open area of the Internet where it is not protected at all, giving the hackers the easiest way to access any information that was supposed to be protected by that password.

Many people also tend to use the same password for several accounts. This is not the way one should do it, as a single compromised password may result in multiple accounts getting breached. Moreover, this could eventually lead them to the user’s email account. Once the hackers have access to anyone’s email, they have everything they need to lock a person out of all the accounts that were created using that email and access all the data that is supposed to be safe under a simple password. This would be a disaster for any organization as it can take over the whole database through one person’s email.

A solution to protecting your company, your employees, and your clients from any data breaches is a successful organization password managing.

What is an organization password manager?

A password manager is a tool for helping organizations to strengthen their online security. It is a system that helps to generate strong passwords, encrypts and stores them in a secure environment, and prevents data from being tampered with or accessed by unauthorized users. All the passwords are encrypted and locked up in the storage, they are all unique for each user, all data can be easily accessed wherever the user is…

Using an organization password manager saves people the trouble of remembering their passwords as the system remembers it for them. As the passwords and data are encrypted, they can only be decrypted by their owner. All the data is also only known and controlled by the user as a properly secured password manager encrypts all information at the client-side, meaning even their staff are not able to access anything stored in the system…

How does a password manager work?

A successful organization password manager should follow such security principles as confidentiality, integrity, user control of the data encryption.

It is evident that in today’s’ world no one is protected from data breaches. By using an organization password manager, your company can ensure its employees and its user’s protection from any possible hacker attacks. A protection that is very important in today’s digital world preventing people from any personal information losses, and your company from losing your clients’ trust.

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