Our certified specialists can work with you to find the best solution to deliver the business outcomes you need, no matter the challenge.
We take the time to understand your unique business needs and challenges. Our certified specialists can work with you to find the best solution that suits you.
We’ve talked about the importance of password managers in the past. In fact, we even gave you nine reasons why you should use one. Some of the highlights include:
So, in a nutshell, they’re super important and should be part of your security planning.
When the Notifiable Data Breaches scheme came into effect in February 2018, the onus on businesses to ensure their data (and that of their customers) stays safe, increased dramatically. Not only are fines something you’ll want to be avoiding (businesses with turnover of more than $3m can be up for $1.7m in fines, and that’s before paying damages to the customers that were impacted), the reputational damage could be difficult to overcome and can affect organisations for a long time.
Password protection is one of the most important factors in ensuring your company data doesn’t end up in the hands of the wrong person.
A password manager encrypts all passwords within a database with a key from the user’s master password. To access the passwords, the user must type in the master password, loading the key and unlocking the vault.
With all good things come some bad, and despite the fact that password managers improve processes and increase security, there are some associated challenges:
That’s not to say that it’s not worth using a password manager but it’s important to be aware of the challenges too. Like any security tool, there are always trade-offs.
Password management system, LastPass believes in the power of its offering so much that it has opened a data centre in Australia to better service the APAC region. Their customers now have the ability to store their encrypted vault data within the region which helps when complying with GDPR and other legislation, something that should make IT bosses very happy.
Luckily for you, we offer comprehensive cyber security services. And while that means assessing your business for all things security-related, passwords are a great place to start. Talk to us about performing a password audit today and we’ll let you know how you’re currently positioned and what you can do to improve your password security.
Having a password manager is a vital tool for businesses in today's times but having the expertise of an overarching team of cyber security experts will mean you can concentrate on doing what you do best – running your business.
If you liked this article, you may also like:
Digital Marketing Coordinator