With the right enterprise password manager, you can ensure that your company’s sensitive information is kept safe and secure.
Enterprises of all sizes increasingly rely on digital systems to store sensitive customer data, client records and other confidential information. One of the most effective ways to protect this data is by using strong passwords. However, creating and managing strong passwords can be challenging for even the most security-conscious organizations. This is where an enterprise password manager can be a valuable tool.
A password vault, also known as a password manager, is an application for storing and organizing usernames and passwords and keeping them safe using encryption. Certain password managers might even allow you to generate secure passwords for each account. With one master password, you’ll have access to all the passwords in the vault. To choose the right password manager that best fits the needs of your organization, you need to first understand the features and capabilities of the options out there. Here is our handpicked list of the best enterprise password managers for 2023.
Bitwarden
Bitwarden is a popular freemium enterprise password manager that offers an easy-to-use and secure solution for businesses of all sizes. It provides a comprehensive set of features to help organizations manage their passwords and other sensitive data across all platforms (iOS, Android, Chrome, Firefox, Opera, Windows, Mac, Linux and more).
Bitwarden allows users to save their login details, bank card information, secure notes and other folders and files in its encrypted online vault. You can use any browser to access the data stored in the vault. All you need is your email associated with Bitwarden and your master password to log in from anywhere.
The major advantage of Bitwarden is that it’s built on an open-source codebase, allowing even the most security-cautious individuals and businesses to inspect the codebase to fix errors and accelerate the development of new features.
The free personal plan offers an unlimited number of passwords to be stored across all devices. However, users can also opt for business premium plans (at US$3-5 per user per month) that come with extras, such as file-sharing options for individuals and organizations.
Best Features: Free version, end-to-end encryption, secure password sharing, cross-platform accessibility and flexible integration options.
NordPass
Developed by cybersecurity leader Nord Security, the NordPass password manager offers top password security for both businesses and individuals. NordPass uses an advanced algorithm called XChaCha20 to encrypt data. The XChaCha20 algorithm has also been adopted by Silicon Valley giants, like Google and Cloudflare, in recent years.
The free version of NordPass offers a range of features, such as unlimited password storage, automatic sync across devices, autosave and autofill. Yet, you can only use NordPass on one device on the free plan.
For organizations, the NordPass Business Premium version allows you to have up to 250 users. It offers additional features, like “Data Breach Scanner” and “Password Health Checker.” The “Data Breach Scanner” monitors the web and notifies you if any of your accounts or stored credit cards were linked to any data breaches. If any instances are found, you will get an alert from NordPass so that you can change your passwords immediately to secure all your accounts. As for the “Password Health Checker”, it evaluates your passwords to detect any reused, weak and outdated ones.
The Business Premium version plans are incredibly budget-friendly, beginning at merely US$3.59 per user per month and offering a 30-day money-back guarantee.
Best Features: Free version, Data Breach Scanner, actionable password health report, autosave and autofill.
Keeper
Keeper is a secure, cloud-based password manager that enables users to store and manage their passwords in one place. This easy-to-use software comes with military-grade encryption, giving you peace of mind that your passwords are secure.
Keeper has an alert system known as BreachWatch, which informs users when stolen usernames and passwords are associated with them. This feature may be useful for those concerned about their account security. Another feature worth highlighting is KeeperFill, which is a tool that can generate secure passwords and autofill passwords on websites and apps.
Keeper’s free version offers unlimited password storage, two-factor authentication and a password generator. However, you can only use Keeper on one device with the free plan. To cater to organizations of different sizes, Keeper also has business subscription plans starting at US$2 per user per month. Some of the features in the business packages include a free family plan for every user, shared team folders, security audits and team management.
Best Features: Free version, security and encryption, app compatibility, KeeperFill and BreachWatch.
Regardless of which enterprise password manager you choose, your company must have a secure and dependable system for dealing with passwords. It is also important to ensure that all employees are trained on the proper use of the password manager as well as any other security measures that may be in place. Additionally, businesses should regularly review their security policies and procedures to ensure they are up-to-date and effective.
Also read:
- How to Keep Your Devices Safe From Juice Jacking
- How Tech Giants Are Preparing for a Password-free Future
- Top 3 Cyber Attacks and Data Breaches of 2022
- What Are the Most Common Types of Phishing Attacks?
- What is Data Harvesting And How to Prevent It
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