Password Manager Solutions Are a Must for Every Enterprise
Enterprise risk of cyber attack has increased due to improper password and key management protocols. Businesses around the world lose an estimated $2.9 million to cybercrime every minute because of ineffective password management practices. Enterprises could spend countless amounts of money on cybersecurity to encrypt data and put up firewalls, but without a strong password manager technology, none of that matters. Password managers ensure that every employee in an enterprise can keep data secure.
What Password Managers Should Include
With a long list of password manager technologies, it can be difficult to know which option is the best enterprise solution. To effectively keep enterprises secure, password managers should provide unique, strong passwords for each employee’s accounts. In addition, this technology should make sure all password details are completely secured, locked in encrypted storage and should remove the hassle of resetting forgotten passwords or managing account access. As the only four-in-one solution on the market, RevBits Privileged Access Management provides the strongest password manager tool available. RevBits Privileged Access Management Password Module, in addition to the above features, includes native clients for all common operating systems & browsers and files all web application passwords. Additionally, zero-knowledge encryption is used to ensure the safety and security of all user passwords.
Why Not Having a Password Manager Solution can be Troublesome
Voova, a software company in the U.K., experienced an attack from an increasingly prevalent type of cybercriminal: a disgruntled former employee. After an employee was fired from Voova, he stole a former coworker’s AWS login information and deleted over 20 of the company’s AWS servers. As a result, Voova lost out on big contracts and was never able to recover the deleted data. If Voova had proper privileged access management software and practices in place, the company could have recognized the abnormal behavior from the login and stopped the attack from causing as much damage as it did.
With the ever-changing threat landscape, every organization’s approach to cybersecurity should be fluid and dynamic. The only way to properly have a dynamic approach to cybersecurity is through multi-layered cybersecurity procedures. Part of every enterprise’s cybersecurity foundation should be a strong password manager solution. With RevBits privileged access management, enterprises not only get a powerful privileged access management and key & certificate management tool, but they also get the strongest unique password manager solution on the market.
As humans, we start life by crawling, next walking, and then running. This progression is logical, for it protects us. There is a natural flow to how our movement should develop and the associated risk we take on, as our movements increase with speed and complexity. But technology doesn’t tend to work that way. No matter how many times we’ve seen the need for that built-in security, it always seems technologies are developed and delivered ahead of the embedded security they so desperately need.
As cloud adoption and automated service use grow to increase faster processing and improve resilience, our reliance on these same technologies requires them to access critical data. Automated development, testing, and deployment offer considerable improvements in agility but create security risks at the same time.
Cybersecurity companies constantly work to outmatch the latest security threats by implementing new features to various cyber technologies. Companies update their privileged access management solutions, for example, to better catch and contain malicious actors. Some privileged access management tools, however, are difficult to use and, as a result, are ignored by employees. To provide enterprises with the most useful and up-to-date technologies, security companies must ensure that privileged access management solutions are easy to deploy, simple to use and efficient to maintain. Video recording is also a must to ensure a privileged access management solution is complete. Here are a couple of reasons video recording is a necessary next step for privileged access management software.