Introduction
Data security is becoming increasingly important, and managing passwords effectively is critical for small businesses. With the abundance of applications and platforms we use daily, it’s challenging to remember all those unique passwords and risky to keep them unprotected. Here, we will explore different password management tools that can provide a practical solution to these problems, discussing their features, pros, and cons.
The standard functions of a password manager are to store and generate complex passwords when requested. Most will check the security level of the password and prompt you to change it if it has been reused or is not strong enough. And when you have over 100 passwords, it can be seen as more of a need than a want. The NCSC has guidance on things to look for in a password manager. Below, we look at a few of the password managers out there.
LastPass
LastPass is a well-known password manager offering a range of features to make password management easier. It provides auto-fill capabilities, password generation, and the ability to store digital records such as insurance cards. LastPass also has a feature that audits your passwords and gives security scores. While it’s user-friendly and offers a free version, the premium version might be expensive for some small businesses. Nonetheless, the security it provides, coupled with its user-friendly interface, makes it a good option for many. Ok, they had a couple of well-publicised security breaches. There is an argument that these incidents/breaches have strengthened their security, while others are nervous that they had two serious breaches.
Dashlane
Dashlane is another popular password management tool known for its user-friendly interface and robust security features. In addition to storing and auto-filling passwords, Dashlane provides a VPN for safe browsing and dark web monitoring services. One unique feature of Dashlane is the ability to change multiple passwords instantly. However, these features come at a cost, as Dashlane is one of the pricier options on the market. This might deter some small businesses, but it may be a worthwhile investment for those who highly value security.
1Password
1Password offers a compelling balance of affordability and functionality. This tool allows you to manage passwords, credit card information, and secure notes. It also provides a ‘Travel Mode’ that removes sensitive data from your devices while travelling. While it doesn’t have a free plan like LastPass, its pricing is more affordable compared to others, making it an attractive option for small businesses. However, it lacks features like automatic password change and personal data monitoring.
Keeper Security
Keeper Security is another excellent password management tool that provides robust security features. It can generate, store, and autofill strong passwords across all your devices. It also offers secure file storage and a private vault for sensitive documents. Keeper also includes a feature for dark web monitoring, ensuring your information isn’t misused online. While it’s not as feature-rich as other options, its focus on security and affordable pricing make it a strong contender for small businesses.
Conclusion
Password management tools like LastPass, Dashlane, 1Password, and Keeper Security can significantly simplify maintaining strong, unique passwords for every online account. They offer a variety of features designed to enhance security and efficiency. While deciding on the right tool, small businesses should consider their budget, features, and the level of protection required. Remember, the best tool will be the one that fits your business’s budget.