Colonial Pipeline, SolarWinds, Microsoft Exchange: a series of high-profile cyberattacks in recent years have shone a spotlight on poor password hygiene. Although a basic and well-established tenet of data security, passwords, if leaked, stolen or guessed, can trigger devastating fallout. Not only can a business’s data and systems be compromised, but ripples throughout supply chains can create havoc for customers and suppliers, and ultimately destroy a business’s reputation.
Despite recent predictions of the imminent death of the password, the opposite has happened: password usage has exploded in recent years, as services migrate online and devices multiply. This means that more than ever, employees are likely to suffer from “password overload”, leading to the adoption of coping strategies such as re-using passwords or creating simple and easily guessable codes.
Typically, organizations have managed this risk by implementing password policies. But an enterprise-level password manager can relieve employees of this burden and secure organizational safety far more effectively.
Enterprise-level password managers such as Passwork can help solve pain points that will be familiar to any IT administrator. Gone will be the days of hunting down the right password across an organization, or worrying about employees going on holiday or leaving the company with an irretrievable trove of sign-ins. Situations like these can frustrate day-to-day operations, and most critically, lead to lax data security hygiene that will incur problems down the line.
Passwork gives administrators a god-level view of the organization’s passwords—allowing them to effortlessly track access and usage across the company. It makes collaboration easy, where employees can use Passwork to securely invite teammates to access vaults or shared folders. It can also conduct an automated security audit, eliminating the requirement for additional software to carry this out. Passwork uses its own two-factor authentication app, “Passwork 2FA”, which allows you to confirm login in one click—without even entering a Time-based One-Time Password (TOTP).
Password managers offering single sign-on (SSO) like Passwork—meaning the device recognizes and signs into the appropriate portals automatically—can also help guard against phishing, the most common type of attack on organizations. Phishing involves social-engineering attacks designed to get employees to divulge sensitive information, including passwords. Recent data from the UK’s Department of Digital, Culture, Media and Sport found that around 80 percent of organizations reported suffering an attempted phishing attack.