These early warnings allow users and administrators to take action before becoming victims of account takeover, ransomware or online fraud. Customer data is encrypted and stored in Keeper’s cloud server so that it is not visible to Keeper or third parties. Credentials, secrets, and other customer data are only accessible by the end user. All encryption and decryption is done on-the-fly on the client’s device, and the data is encrypted both in-transit and at rest on Keeper’s Infrastructure (AES-256). The plaintext version of the data is never available to Keeper Security employees nor any outside party.

Each employee gets a personalized virtual «locker» for storing credentials. Users access the vault with a master key, which is the only password employees must remember. Once you log into the vault, the tool provides access to all other credentials. However, there are many brands out there offering very little value for outrageous prices. When putting together my top 10, I selected password managers that offer a wide range of features for a reasonable price.

Compare SpecsThe Best Password Managers for Business in 2023

Today, Uniqkey offers a market-leading password and access management solution that makes military-grade security convenient for both IT and employees. IT Glue offers an IT documentation platform with a password manager feature. It is SOC 2-compliant, allows control of user access at a granular level, and reports passwords that are at risk. Organizations can also create individual user vaults to maintain separate master passwords. IT Glue is a world-class, cloud-based service that monitors software, stores and manages passwords, and more for MSPs and in-house IT departments. The software supports an array of integrations and comprises a secure password vault hosted by the server.

Although basic, the Team Starter Pack plan does offer great features, such as 1 GB of storage per person and five additional guest accounts for data sharing. The tier also features administrative controls to better view and manage permissions. You will need to upgrade to the Business plan if you want access to custom security controls, activity logs for tracking individual items or the ability to delegate account responsibilities.

Duo Security

The platform’s extensive features may be overwhelming for smaller teams or less tech-savvy users. Secure password generation capabilities create robust, unique passwords for each account, as well as autofill features that populate passwords automatically in recognized fields. Travel mode allows users to remove selected passwords from their devices when traveling, enhancing security in potentially high-risk situations. The pricing plans that are applicable to businesses and enterprises are as follows.

Forbes Advisor evaluated the best password managers available today. We selected these options based on cost, features, usability and other factors. This service is for companies that are serious about password security.

Save Money and Time with Quick Set-Up

So you only have to remember one single master key to unlock the whole database. Database files are encrypted using the best and most secure encryption algorithms currently known (AES-256, ChaCha20 and Twofish). Thus, choose software that generates strong passwords and stops cybercriminals from entering your networks. Also, with Passportal, your employees no longer have to fear forgetting passwords.

However, N-Able’s parent company SolarWinds was recently hacked by Russian agents, causing a lot of chaos in systems protected by SolarWinds’s software. While SolarWinds claims to be committed cloud enterprise password management to ensuring user safety, I’m not very confident in its security systems at the moment. Sticky Password is an okay option for smaller teams looking for a simple business password manager.

Best for Securing Company Secrets

Foxpass integrates with a company’s existing products for a seamless experience. Specops checks passwords against breached password databases, ensuring none are used enterprise-wide. That’s a significant relief to IT leaders and cybersecurity teams concerned with compromised passwords propagating across their networks. IT leaders also say the system’s ability to handle resets makes it one of the most reliable they’ve seen, along with how intuitive the application is designed. The Bitwarden Password Manager is one of the leading password management solutions that allow users to manage and control data safely from any location across the globe. The paid version for business is available in two editions – Teams and Enterprise.

By keeping these considerations in mind, you can select a password management solution that not only enhances your business’s security but also supports your operational needs. While Bitwarden offers a robust set of features, it may lack some of the advanced features found in premium, closed-source solutions. Its end-to-end encryption, password generator, and multi-factor authentication features provide a high level of security. Secure password sharing allows teams to safely share access to systems and accounts. Autosave and autofill features simplify the process of password management, making it easy for users. The user interface, while functional, may not be as intuitive as some other password management solutions.

Enterprise password protection must also secure third-party access

Single sign-on configurations for cloud apps and a user audit system (so administrators can see all password-related activity as it happens) are other important features for large organizations. Yes, in general, password managers are secure enough to protect a business’s passwords. Most password managers use strong encryption, maintain zero-knowledge protocols, and provide extra security features like MFA and cross-platform sharing. Password Boss is very simple to set up and use, and it offers a good range of features. The onboarding and offboarding processes are easy to follow, and I particularly like the range of security policy settings.

• Enforce the use of strong passwords with rules for minimum length and complexity requirements .
• Password managers will store all of your company’s login details in a secure ecosystem designed to make everything easier, safer, and more convenient.
• For example, you can easily access password information through a locally managed service.
• What LastPass calls Advanced SSO is an additional feature that, for an additional $2 per seat per month, removes the three single sign-on app integration cap with which the business plan comes.
• End-to-end encryption ensures the utmost security for your business’s sensitive data and passwords.
• The tool is highly secure thanks to a zero-trust and zero-knowledge architecture.

Conduct regular audits of password-related policies, procedures, and usage rules. The ability to control and enforce password-related rules (e.g., complexity requirements and expiration periods). Share private data safely with coworkers, across departments, or the entire company. Craig Lurey, CTO and Co-founder of Keeper Security, provided with his views on how to create a solid password below. Overall, it’s not cheap, but ManageEngine Password Manager Pro delivers superb performance and versatility for enterprises.

LastPass

As your organization’s cybersecurity needs increase in scale and complexity, Keeper will be there for you. We considered factors such as security features, ease of use, multi-device syncing. Each product was evaluated for its suitability for different business sizes and industries, https://www.globalcloudteam.com/ and the pros and cons were determined based on user feedback and reviews. Yes, most password managers are designed to be user-friendly with intuitive interfaces. They often include features like autofill and auto-save, which make managing passwords simpler and more efficient.