What Is The Safest Way To Share Passwords?

Keeping confidential information secure is vital for business success and continuity

Are you worried about how to securely share information withn your business? With weak, stolen or reused employee passwords being the number one reason for breaches, there’s a definite cause for concern.
 
But with so much information out there on how to best keep confidential company information safe, it’s sometimes hard to know where to begin. Password sharing apps are a great starting point, so read on to find out what they are and how they can protect your business.
 

What is a password manager?

On a typical day, login details for various business systems, programmes and documents will be shared among employees via numerous devices and platforms – from email and text to webchat and social media.
 
But storing and sharing sensitive information without the right protection in place poses the perfect opportunity for hackers to access this information. When passwords and business secrets are shared on an unsecure network, they can be easily misused. Here’s where a professional password sharing app can help, by providing an easy and secure way of storing and sharing business information.
 
Simple to use and quick to deploy, you don’t have to be tech-savvy to get started, and their simplicity and ease of use are ideal for encouraging team collaboration.
 

How does it work?

When you log into a secure site, the password manager offers to securely save your credentials. The next time you return to that site, it offers you to fill those credentials in automatically. If you’ve saved down multiple logins for the same site, the password manager lists them all for you to select. When you create new login credentials for your site, the tool will tell you if the password you’d like to use is strong enough. If it isn’t, it will suggest ways to improve it.
 
Some password managers can also detect when you change an account’s password and offer to automatically update the old one. Some also record your credentials for new sites automatically, for added convenience. Many password managers will do all this through a browser add-on tool.
 

How can it protect my business?

Here are five key ways a password sharing app can protect your business:

1. Safely store private information

2. Share information securely

3. Seperate business and personal logins
Using the same password across multiple accounts, both personally and professionally, can create a major weak link in a company’s security system. Yet, according to a recent study, 1 in 8 employees are reusing personal passwords at work.

4. Assess security of passwords