Password manager for business: response to Covid-19

Covid-19 has rightly earned its label – the largest-ever cybersecurity threat.

Not only has the number of data breaches doubled since the beginning of the pandemic, but because of remote work, the average cost of a data breach has increased by $137,000.

The chances that your company is next getting attacked next are high. But there is still a way to protect your company.

If using a password manager for business and resolving poor password management habits reduces the chance of a data breach by 81%, then that is an excellent starting point for you.

Why password manager for business is the best cyber attack prevention?

Keeping passwords in notes and Excel sheets, sharing with others via chats – practices that you may have been able to get away with have now become an extreme vulnerability.

That’s why providing your employees with a remote tool that helps to prevent such mistakes is now absolutely important.

Password manager for business does an excellent job to protect the company’s sensitive data from a breach. When choosing a password manager as PassCamp, the innovative vault architecture and use of leading technologies ensure that no unauthorized party can access your data.

Besides, the cloud password management environment ensures equally secure and convenient business processes when fully or partly working remotely.

What to look for in a password manager for business?

The global spending on remote cloud computing rose by 37% since the beginning of the pandemic. The password manager for business was an underlying reason for the rise.

When selecting the tool for your business, look for these features:

• Secure vault architecture

A password manager that stores each item (a password, pin code, secret note) as a separate vault lets you easily and quickly find, manage, and share them with colleagues.

The unique approach to vaults finally solves all of the time-consuming sync issues and manual duplicating inconveniences. The real-time sync lets your employees work efficiently both in-office and from home.

Keywords to look for : End-to-End Encryption, Zero Knowledge Proof, Secure Authentication.

• Secure data sharing

Any consideration-worth password manager for business has to provide a way to securely share sensitive data among the employees and with business clients and partners.

When you share a password via a password manager, it stays encrypted and protected against outside threats. The best part is, only the person you shared a password with will see it.

Keywords to look for : secure password sharing, Guest feature, Multi-tier sharing.

• Time-saving features

Remote work requires more effort to do the same task as in the office. For this reason, incorporated time-saving features significantly reduce the time spent on such tasks as password search among the countless notes.

Such features as Autofill and Autosave save your team members time so they can work on the tasks that actually matter to your business growth.

Keywords to look for : Autofill, Autosave.

Other highly beneficial features:

• Two-factor Authentication – to add a second level of security to all employees’ accounts.

• Mobile App and Browser Extension – for even more efficient work of your team, no matter where they work – in an office, in a co-working space, at home, or on the beach.

• History Log – to strengthen control of the company’s data. If an employee shares or edits your password, you will get informed about it immediately.

In PassCamp, everything is included

Spend no more extra time on your search. PassCamp – an innovative password manager for business – offers all the features mentioned above.

With thousands of teams on board and many projects implemented, PassCamp can provide your company with a customized password management solution.

Check out the options for your business, and let’s have a productive conversation.