12 Reasons Managed IT Support is Crucial for Small and Medium-Sized Businesses
Small and medium-sized businesses (SMBs) are the engines driving our economy. In today’s fast-paced, digitally dependent world, a robust IT...
If you ask a security professional, you get by-the-book advice about sharing passwords: “Don’t share passwords.” But we know, in reality, that doesn’t work. Your office might be sharing a single password for apps like SurveyMonkey right now to save cash on buying additional users, and some social media accounts don’t even give you the option to have multiple log-ins.
Sharing passwords in your office is sometimes necessary for collaboration, and the best way to do this is by using a password manager. Affordable (some platforms even offer free versions), layered with security, and simple to use, password managers are the safest and easiest way to store and share your company’s private passwords.
However, unsafe sharing habits will put your private passwords in the hands of greedy hackers, who can fetch a high price for your data in dark web markets. IBM Security reported that in 2022, 19% of all breaches were caused by stolen or compromised credentials.
So, how do you share passwords safely?
When it comes to password sharing, remember:
To use password managers, you only need to remember one password – the master password. One downside is that whomever you share a password with needs an account for the same service. However, most password managers have corporate accounts, so this shouldn’t be a problem.
It’s a good idea to avoid sharing passwords as much as possible, but when you have to, use a reliable password manager to ensure you have control over exactly who sees your credentials. Talk to your employees about safe password hygiene, host regular security-awareness training for employees, and use MFA with every account. It’s not just safe business – it’s smart business.
Teknologize is a SOC 2 certified, Professional Technology Services company with clients throughout the Pacific Northwest. We have offices located in:
Questions about your IT or Cybersecurity? Give us a call today!
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