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Five Important Features of Password Managers

Password managers are very significant tools in today’s world. If you want to protect your passwords, we highly recommend you to use a password manager. In this articles, we covered five important features of password managers.

As more and more businesses do online, it becomes increasingly important to have the best password manager (open in a new tab), as well as effectively manage passwords and credentials. To make your organization more resilient to cybercrime, be sure to choose a password manager that offers most or all of these features.

Cybercrime continues to pose significant risks to businesses, whether they are widespread hacks or targeted attacks. So it makes sense to invest in the best enterprise password manager, especially for businesses (opens in a new tab).

But how do you choose one of the best password managers? Below is an overview of the five key features to look for when choosing a password manager. In our opinion, these key factors make the difference between a  good service and a good platform.

1. Strong Encryption in Password Managers

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The crucial characteristic to search for in password managers is superior encryption. It is a have to-have. Password managers are in the end approximately records security, and without giving up-to-give up encryption, your records genuinely won`t be accurately steady.

End-to-give-up encryption guarantees your records are indecipherable, each in transit and at rest. For the platform to decrypt the records, a completely unique authentication key have to be provided. With give up-to-give up encryption, the best man or woman who has this authentication secret’s the user.

What this indicates is that even your issuer can’t get entry to your passwords. All the platform does is keep your encrypted and indecipherable records. So if the issuer is hacked, your passwords will nonetheless be safe.

2. MFA

While we`re on the subject of safety, let`s speak about MFA. MFA calls for customers to log in the usage of each of their passwords and a secondary approach of authentication. This guarantees that even though a consumer`s grasp password is compromised, their account is in all likelihood to stay secure.

The secondary authentication approach can be a one-time password or a completely unique code generated on an authentication app. These secondary techniques are generally tied to a consumer`s private tool, consisting of their cell smartphone or their private electronic mail deal with.

This guarantees that a consumer needs to have to get admission to their tool or electronic mail deal similar to the grasp password to get admission to their account.

MFA is one of the simplest approaches to enhance your account`s safety, due to the fact consumer login is one of the maximum widespread factors of vulnerability among all password managers.

An issuer can use the maximum superior encryption and safety protocols withinside the world, however, if the consumer`s grasp password is compromised, and they haven’t any MFA protocols in place, then it`s interested in nothing, and their statistics may be compromised.

We strongly advise selecting a password supervisor with MFA capabilities.

3. Sharing Passwords in Password Managers

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Password sharing is an important feature of enterprise password management solutions. Password sharing allows users to share passwords and credentials over secure channels, minimizing the security risks associated with sending passwords via email, SMS, or the Messenger app.

Best Password Manager provides password sharing as a built-in feature that allows you to easily share passwords and other related information directly from your application.

Some providers offer zero-knowledge password sharing, allowing users to share passwords in encrypted form. Therefore, if an employee only needs to access the digital service once, but does not want the unencrypted password to be shown to the employee, the encrypted password can be provided to the employee.

This will give you access to the platform, but you will not know the password. Password sharing is an essential feature for medium to large organizations.

4. Generators

When using Password Manager, it is still weak, and there is almost no advantage if you create a simple password. Powerful passwords must belong and they should be complicated (various letters, numbers, special characters). However, creating a non-break password may be TIMEKONMEND and TEPIOUS. 

Fortunately, most password managers provide a built-in password generator. Users can select the password length and complexity level. The generated password can be saved for later use in the application, or it can be copied and pasted into a web page.

If you use the web extension, your provider may even suggest a strong password when you create a new account. This saves you the trouble of opening the app and generating a new password.

5. Role Authority

Our last key password management feature is a must for any enterprise. Role-based permissions. 

Including all passwords for your organization in your password manager account can itself be a security risk. The final requirement is to ensure that all employees have access to all passwords.

Fortunately, role-based permissions allow administrators to determine who can access which password. If this feature is set correctly, employees will only have access to the passwords they need to perform their roles. This makes your organization more secure.

This not only reduces the number of people who can access each password but also makes the platform clearer and easier to use. 

Role-based permissions are a non-negotiable feature if you plan to integrate your password management solution into your organization.

The above five features make your password management solution more secure and easier to use in your business environment. If your business is considering investing in a password manager, we consider these five features to be the most important.

But that’s not all. For Business Password Manager (opens in a new tab), there are other factors that need special consideration for factors that match or exceed the above factors.

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