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.
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.
Privileged access management is a cybersecurity solution that secures, manages and monitors privileged access to certain critical assets and networks. Historically, privileged access management and key management solutions have been cumbersome. Users often ignore traditional privileged access management and password manager solutions, leaving enterprises exposed to the exact risks they were working to mitigate. To be fully effective, a privileged access management solution should be easy to deploy, simple to use and efficient to maintain. Learn more about the qualities of effective password manager and privileged access management tools below.
In 2019, as the volume of cyber attacks continued to spike, cybercriminals were increasingly successful in infiltrating corporations’ sensitive data and information. A lot of these attacks, however, were the result of outdated cybersecurity systems and ineffective handling and encryption of sensitive data. As a result, companies around the world lost millions of dollars and spent countless hours working to clean-up the aftermath of costly data-breaches and malware attacks. As the cybersecurity landscape continues to advance in 2020, companies must have a comprehensive security suite that includes breach detection, EDR, email security and privileged access management software.