Enterprise password management in the cloud: a notable trend
Enterprise password management in the cloud is an accelerating trend in the market. By 2022, the overall cloud computing market is expected to exceed 364 billion U.S. dollars (compared with 242 billion U.S. dollars last year).
Most cybersecurity experts are not surprised by such exponential growth at all. Managing business resources and, especially, passwords in the cloud is considered to be one of the fastest, most reliable, and cost-effective solutions out there.
Are you doing your research about cloud-based password management solutions? Want to better understand the benefits of such a tool, and what are the options for your company?
You came exactly where you needed to.
Why enterprise password management in the cloud became so popular?
According to various experts globally, some restrictions and uncertainty due to COVID-19 will still be present this and the next year. Fully or partially remote work, disrupted business processes and an increasing number of cyberattacks are there to stay as well.
Ultimately, many companies had to adapt – switch to remote teamwork solutions, provide employees with equally secure tools to share sensitive data both from home and office. The cloud solutions became the way to go.
Benefits of enterprise password management in the cloud
Advanced security architecture
First things first. Enterprise password management in the cloud solution is built to protect your business data. Authentication and encryption are performed on each user’s device, locally at the client level. This means, that whether an employee works in an office or from home, sensitive data will never be sent unencrypted through the web. Thus, your chances of experiencing a cyberattack ( such as an eavesdropping attack) significantly decrease.
Your data is your possession
In cloud solutions, your privacy matters. No reliable enterprise password management in the cloud solution provider can access or see your sensitive data. No colleague can re-share your password without your permission. Your data belongs to you.
Fast, uninterrupted collaboration
Password managers in the cloud process your data instantly. Once you upload and share a password with your colleague, within a second he or she can access it. If someone modifies it, the latest version is automatically synced and updated for you.
Access your data in real-time in as many devices as you want – all you need is an internet connection.
What are your choices here?
Enterprise password management in the cloud comes with a few options, depending on your team and business needs.
PassCamp – an enterprise-focused password manager provider used by thousands of teams globally – adapts to your custom business requirements.
SAAS cloud-based password manager
If your company is small to medium size or you’re looking for a solution to a remotely working team, consider SAAS cloud-based password manager.
For a monthly fee, you get a tool that is secured and maintained 24/7 by the professional cybersecurity team. You get to run a protected business without a need to worry about technical nuances. The priority technical support is always there for you.
Self-hosted password management solution
If you have a medium to a large company, an organization, or you need to follow a strict data policy, consider a self-hosted password management solution.
The self-hosted solution allows you to host a password manager in a private cloud, Kubernetes, or other storage under your possession. This way, your data stays exclusively inside your company, protected from any unauthorized external access.
Ready to try enterprise password management in the cloud in your company? Try PassCamp for free or schedule a demo with us. Take that first needed step towards your business security today.
