Without a doubt, technological developments have enabled businesses to secure their digital assets and online accounts. Different software allows you to strengthen your online security, which also significantly impacts your business operations.
The password manager is one of the unique security tools that are worth mentioning here. It helps you fill in the security gaps of your online accounts, contributing to your business productivity and making your workplace safer.
In the current digital era, businesses must manage plenty of online accounts. From social media platforms to business website login, having a solid password is necessary for every online account.
A weak password can make your online presence vulnerable that can provide an opportunity for cyber thieves to sneak into your digital assets. Therefore, choosing the right password manager is essential. It can generate unique and strong passwords for your accounts and help you manage their security.
But to select the right password manager, you must know what makes a password manager reliable. Let’s find some must-have features you should look for while choosing a password manager.
1. End-To-End Encryption
Top-level encryption is one of the most vital features you must consider for any password manager. You are choosing a password manager for data security, so you cannot secure your data without end-to-end encryption. You will find this feature in all top password managers.
For example, 1Password is a secure password manager because it has solid end-to-end encryption. Furthermore, it makes your data indecipherable and provides you with a unique authentication, making it tough for anyone to decrypt your data.
End-to-end encryption is also known as zero-knowledge architecture. Because it allows providers to encrypt customer data and save it at the highest security level with zero data knowledge that they store.
So, if you want to secure your password and credentials, end-to-end encryption is the first thing you must look for in a password manager.
2. Built-In Productivity & Security
Another important feature you need to look for in a password manager is built-in security and productivity. Ensure that you can integrate a password manager seamlessly into your security ecosystem and share sensitive logins safely with others.
As a business owner, you need to choose a password manager that can boost your team’s productivity. It should allow your employees to work at the right pace by keeping your credentials and valuable information safely stored.
3. Transparent & Simple Administration
Nothing is better than having a password manager with transparent and simple administration as it ensures good usability. It helps you customize access by user or group or set permissions.
Password managers with simple administration should ensure instant control and effortless management. It should also provide account recovery options and assign administrative responsibilities to trusted employees who can manage accounts.
4. Easy Distribution
A password manager should be easy to integrate so that you can provide everyone with the right level of access without any hassle. Providing the right credentials to team members is an important part of password management. Therefore, easy team distribution is crucial for every password manager.
You need to ensure that the password manager should have advanced permissions, so you can easily share credentials. Also, consider active directory support that helps you manage many users efficiently.
5. Strong Password & Username
Good password managers automatically generate unique and powerful passwords and usernames for your accounts. You can modify the character length by adding numbers and different letters in the passwords. It is one of the basic features that every passed manager should possess.
You need to understand that hackable and weak passwords will add no value to the security of your online accounts. With a password manager, you can create unbreakable passwords and even save these passwords in your web browser or application. It saves you from the hassle of entering your password repeatedly.
6. Multi-Factor Authentication
Multi-factor authentication (MFA) system adds an extra layer of security to your online accounts. It ensures that your account remains safe even if your password is hacked.
You can choose a unique code as a secondary authentication method. So, apart from the master password, multi-factor authentication plays a key role in improving online security.
User login is one of the most vulnerable points where most of the accounts get hacked. You can use the most advanced security tools and encryption, but if the password is compromised, then your data will also not be safe.
Therefore, having MFA protocol in place is essential to keep your data safe, so you should prefer a password manager with MFA capabilities.
7. Custom Reporting & Auditing
A password manager should provide tools to help you report and audit your security. You must look for a password manager to help you identify potential threats through high-level reporting. It should notify you if your credentials are exposed in a data breach so that you can take measures accordingly.
Custom auditing and reporting allow you to make the right decisions to improve the security of your online accounts.
For example, it helps you know which team members have access to your accounts, who signed in first and last and when and what they accessed. Also, it keeps you updated on whether multi-factor authentication is enabled or not, so it assures you that your accounts are secure.
8. Quality Support
Last but not least, you must look for password managers with exceptional quality support. Ensure that a password manager has the complete resources and documentation that you need to secure your accounts.
In addition, it should have one-on-one customer support, so you can consult with an authorized person to fix any glitch or issue with the password manager to keep your online accounts and digital assets safe from hacking.
Password managers are the need of this digital era. It not only secures our digital assets but also saves our time and effort through efficient password management. It can be a daunting and time-consuming task to create a unique password every time. A password manager not only generates unique passwords for your digital assets but also provides you with features like end-to-end encryption, multi-factor authentication, etc., so choosing a password manager for your business is the right strategy to follow.
Hopefully, this article will help you understand the top features to consider when choosing a password manager.