Password Vault makes generating, storing, and sharing passwords easy and safe. A password manager eliminates password fatigue, and removes the need to memorize multiple passwords. 50% of office employees find it difficult to manage their passwords and often click that “forgot password” button in order re-gain access to their corporate accounts.
An online password manager enables organizations to share credentials internally to authorized users. Recent studies showed that 73% of employees have the same password for multiple sites which drastically improves the likelihood of a cyber-attack. A password management solution offers the ability to securely share logins and passwords without having to use email.
Password Vault offers central access to store and organize all of your secured identities in an ultra-secure web interface. Password managers allow businesses to use a different password for each site that you have stored, the only password that has to be remembered is the “Master Key” which accessible only by your organization.
The average worker uses the same password, easy from memory, for multiple corporate accounts. In 2019, about 51% of employees admitted to reusing passwords across both business and personal accounts. A password manager like Password Vault removes the burden from employees to remember more passwords, especially as the number of cloud applications organizations use continue to soar.
A ransomware attack occurs every 14 seconds, and small business is the target of over half of all cyber-attacks. Recent industry reports revealed that in 2019, approximately 80% of hacking-related data breaches were tied to passwords. Organizations should protect sensitive data like logins and passwords with secure management system in order to reduce the risk of compromise.
In 2019, the State of Password and Authentication Security Behaviors Report revealed that 2 out of 3 users share their passwords with co-workers to access accounts. A password manager enables the ability to safely share sensitive credentials like logins and passwords. Password Vault is ultra-secure and requires you to create a master password or “key” to access your passwords– only you have access to this key, not even the providers of the password management service have access to your account.