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What are the Best Online Password Managers for Small Businesses?

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What are the Best Online Password Managers for Small Businesses?

 

Is it time to stop worrying about forgetting your passwords? Here’s a list of the best online password managers for small businesses.

Passwords are one of the most complicated necessities we have today. While almost everything requires us to set up an account and create a unique password, it also leaves us with a slight dilemma. You see, the more unique your combination is, the more secure your account will be. The problem, however, is that the more secure your password is, the harder it is to remember!

Luckily, there is a way for your small business to remain secure – without sacrificing convenience. How does fully secured and automated password management for all employees on all devices sound like?

 

 

What is an Online Password Manager?

 

So, instead of trying to keep track of dozens of passwords, an online password manager will simply secure and store your passwords behind one master password.

This is a popular IT security strategy used by both companies and individuals alike. And, this way, you only have to remember one strong password instead of multiple unique ones – while keeping those individual accounts away from hackers.

Security software has seen a great increase in investment over the past few years, and this means that there are now plenty of solutions available on the market. Before you choose, however, there are a few things you must consider:

·         Firstly, you must decide whether you want your data stored locally or stored in the cloud. The local option means that your passwords are stored in your computer, while the cloud-based option stores them in a secure online server. This serves as your enterprise password vault.

While storing passwords locally can keep them safe from hackers, it still means that these data are at risk of being lost or erased if something were to happen to your device. A cloud-based option, on the other hand, gives you the freedom to access your account from any network-connected device.

·         The second thing to consider when choosing a password keeper, is having features that are more than just storing a password. Ok, hear me out here: A great feature of password managers is that it can autogenerate random and secure passwords for each of your online accounts. This feature gives you the option to autofill the details every time you log in. This can be incredibly helpful – not to mention that it’s a very secure option.

·         The third thing to remember is to choose a strong master password. In fact, your overall level of security depends largely on the strength of your master key. And lastly, choose a solution with two-factor authentication. In case your password manger gets breached, you will still have a second line of defence against the intruder.

 

 

3 Great Online Password Managers for SMEs

 

 

LastPass

 

This is the perfect option for any small business that wants to test the waters of enterprise security. LastPass is a free password manager, and although it lacks certain features that you find in paid solutions, it still manages to outrank many similar services.

With its freemium version, you can save and auto fill passwords from all your registered devices. It offers one-to-one sharing and can generate unique passwords for all your accounts. LastPass also offer a multi-factor authentication that will give you an extra layer of security.  

Signing up for the free version of LastPass includes a free 30-day trial of its premium version, which is a very affordable solution at $3 a month (only $36 when billed annually). If you need more than 6 or 50+ users for access, LastPass Family and LastPass Enterprise are the best options for you.

LastPass is a browser-based password manager that you can integrate into your business operations with ease. It allows you to access your password vault, make changes in your entries and automate new passwords in the browser – in other words, you don’t even need to open a second window!

While it does lack a few premium features, it’s still an outstanding choice for your password-keeping needs.

 

Dashlane

 

It’s time to move on to more premium services.

When it comes to paid online password managers, Dashlane is one of the best choices out there. Not only is it incredibly easy to set up, but its excellent security measures make it stand out compared to many of the other options out there. In terms of in-browser performance, the auto-filling of password is completely flawless – and it can even directly sync all your devices in an instant.

Dashlane also offers some of the best enterprise security measures on the market. Its multi-two-factor authentication, end-to-end data encryption, plus modern hashing algorithm ensures a tight lock on the vault of your data and password stored in your account.

And the best thing? Well, Dashlane is an affordable password manager. The premium version starts at $3.33 per month, and it includes limitless password storage, automatic sync to all devices, dark web scanning with security alerts, and a VPN for risk-free interfacing with unsecured Wi-Fi networks.

Considering these features, I think it’s safe to say that you get more than what you pay for.

 

Zoho Vault

The last on our list is Zoho Vault.

If you’re a regular reader of our SAS tech blog, you’ve probably noticed that we’ve written extensively on Zoho and their excellent CRM in the past. However, when speaking about premium online password management programs with affordable pricing, Zoho Vault is undoubtedly one of the best options out there. Not to mention the least expensive, too, as the standard plan starts at $1 per user per month.

With Zoho Vault, you have the option to separate each account by setting owners with user roles. This ensures the safety and security for your information because it’s only accessible strictly to those who have permission to view it. Although it’s not the most user-friendly password tool on the market, it still makes up for it with its inexpensive pricing structure, advanced integration, and top-notch security.


Secure Your SME

As long as your device is connected to the internet, malicious hackers will continue to be a threat towards your small business' security. It's therefore imperative that you start putting the right security measures in place - and getting a password management tool might be the best place to start.

It's time to take control of you security. 


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