Growing demand for a self-hosted password manager
July 27, 2020 / Knowledge

Growing demand for a self-hosted password manager

Your single employee has on average 191 accounts that require login credentials. Each mistake when managing them – reusing passwords on multiple platforms, sharing them via unprotected channels, not revoking access once an employee leaves – significantly increases the chances of your company being hit by a cyber attack or data breach. In fact, according to CybSafe 2019 analysis, 90% of data breaches in the UK were caused by human error.

Having said that, ensuring that you, the owner, and your IT staff have the internal data management system under control 24/7 is no longer an option, but an obligation.

Over the past few years, the demand for a self-hosted password manager has drastically increased. Today we’re here to uncover the reasons.

A self-hosted password manager among the most enterprise-endorsed tools

Large teams, companies, and organizations at first were switching to self-hosted password manager solutions largely for the reason of storing internal company data in their own servers.

However, with the constant improvement and adjustment to the enterprise needs, current business-oriented password management tools have started providing much more than that.

Secure and private data storage

By choosing a self-hosted password manager, you can store your company’s sensitive data in your own cloud (built on and easily scalable with Kubernetes) or in your physical server, and thus have complete control over your digital belongings.

Uncompromised data security

In addition to undisrupted control of your data, this type of password manager provides you security and privacy – it keeps your data in an encrypted environment, protected with zero-knowledge proof. This ensures your data cannot be accessed by any unauthorized party. To add an extra level of security, always choose a tool that supports the Two-factor authentication.

Easy password access management

With UX/UI-perfected password access management, it is easy to ensure only the right people have access to the needed credentials.

  • Multi-tier sharing allows you to share passwords only with the people with privileged access so that (if needed) they can distribute passwords to other team members by themselves.
  • With History Log you can always keep track of every password edit and share. That means, you always have control over who has access to what data, and what changes they make.

Efficient password sharing

With a wisely chosen self-hosted password manager, sharing passwords inside a team and externally is just a few clicks processes that save the team’s time and significantly reduce the risks of a data breach. For instance, after an employee leaves, revoking access to the credentials they had takes only a few clicks.

Priority support

Depending on your company’s needs, a self-hosted password manager provider can offer you priority technical support, or the technology can be entirely maintained by your IT staff. The choice is yours, but a reliable provider should be always there to assist you.

PassCamp – a provider that adapts to your needs

Talking about which, PassCamp is a password manager for teams like yours, built to satisfy enterprise needs (the ones above included!).

It has advanced vault technology that can be adjusted to your company’s needs and fully integrated into your business environment.

Depending on your choice, your employees can use the self-hosted password management solution locally(i.e. in the office) or can access the files via the web app and a mobile app anywhere they go, business trips included.

Ready to start using a reliable self-hosted password manager and finally take internal company data management under control? Contact our sales and let’s have a productive conversation!