Enterprise password management system: investment pays off

Each year the CIO requests allocating some part of the budget for improving the company’s cybersecurity system and providing mandatory employee training?

And yet, this proposal always gets rejected inside the team as “would be nice … but ”?

45% of the companies have never organized cybersecurity training in their companies and therefore significantly increased their risks of suffering from a cyber attack.

Accordingly, investing in an enterprise password management system on time does not only protect you from the data breach and strengthens your reputation, but it also saves you money.

How can an enterprise password management system help to save money?

Every additional dollar that you invest in employee cybersecurity training reduces the chances of suffering from a cyber-attack by 70%. Yes, seventy.

Considering that the average successful cyberattack costs around $3.86 million, by developing an efficient enterprise password management system, you’re more than likely to save such an amount of money.

And even if the hackers do try to attack you, all that they get is unreadable, highly encrypted data. With a secure enterprise password management system, you win.

And that is definitely worth the investment.

What does this system consist of?

Any effective enterprise password management system consists of two parts – the password management tool and the employee cybersecurity training.

The tool

The password management tool, such as PassCamp, ensures that all sensitive data in your company is protected.

For that, such innovative cybersecurity technologies as Zero-Knowledge proof and End-to-End Encryption play a huge role. These advanced technologies ensure that only you, the data owner, as well as the people you securely shared your passwords with, can access your data.

That is why if a hacker tries to attack, that is already a failure to him.

The employee training

Human error is the reason behind most of the successful data breaches.

If your employees have not received any cybersecurity training yet and you successfully avoided the data breach, you can call yourself lucky.

Nevertheless, luck is not a long-term business strategy.

That’s why getting your employees familiar with secure password creation, storing, and sharing practices is fundamentally important for reducing the human error factor in your company.

As a positive side effect, the more responsibly your employees manage sensitive data, the more your professional reputation as a trustworthy company grows.

PassCamp – the tool that helps to build the right habits

With a reliable enterprise password management system provider, using the tool and building advanced cybersecurity habits is easy.

Because of the low learning curve, your employees can adjust to the new password management tool environment quickly. Then, the tool’s acknowledged vault technology encrypts all your items one-by-one – it finally becomes intuitive to store and share passwords securely.

Last, such advanced features as Password Generator and Two-factor Authentication immediately tick all the boxes in most cybersecurity recommendations. No additional effort is needed – it’s already here for you.

Try out PassCamp for free today or reach out to us – we’re more than happy to understand your business needs and provide the most suitable solution for your business.