Why do you need a password manager?
“Your password must be unique.” “Your password must include one number and a symbol.” “Don’t share your password with anyone.” You get it.
But sharing passwords in a work environment is often unavoidable. There are many ways to share passwords: You can paste them in a file, write them down on a sticky note, or share them through email – and put your company at risk. How to avoid that?
With Passwd, you can say goodbye to sharing passwords in a plain text document or using weak and easily guessable passwords. Our unique encryption architecture helps you manage saved passwords without entrusting them to a third party.
How exactly can Passwd help you reinforce the security of your company? Read below.
Safe team access management
First, we will not discuss personal password managers in this article, although some of what we say here applies to those too. We will focus on password managers for teams because that’s where sharing can become risky. If you want to learn more about the difference between personal and team password managers, please read this post first.
Access control is, even, today the missing link in the efforts of companies to make their access management truly efficient and safe. With plain text documents full of passwords still passed around in companies, you can hardly control who can use which password and to what end. In Passwd, you can give your team members access to passwords based on their roles and individual needs.
Moreover, you can grant access to more people at once, which is a great advantage if your company is bigger or divided into independent departments. Your designers don’t need access to accounting software, and your accountants don’t need access to design software. Just use the existing groups from your company Google Workspace (formerly G Suite) account. And if there is any trouble, you can update the password in Passwd, and your team is immediately ready to continue their work.
Encryption
Service, username, password. Storing and sharing team passwords in an Excel sheet or text document in plain text is the riskiest thing you can do with them. The security level of your storage may be high, but if your former employee accidentally causes your document to leak, all your accounts can be stolen within minutes.
We understand the risks associated with storing passwords. That’s why Passwd renders your credentials unreadable through robust encryption. Imagine your password is “qwerty”. This is what you type in when logging in to a service. But what the attacker gets is the encrypted form. It can be something like this: o4aoDr53dsqWq01eodk. So even if the database with your passwords leaks, nobody has your actual passwords – they remain protected and useless to the attacker.
How exactly can Passwd help you reinforce the security of your company?
Tier: Enterprise
Passwd not only ensures the safety of your team’s passwords but also helps your company comply more fully with security requirements.
Private Cloud: With Passwd’s Enterprise plan, your data is stored on your own private cloud, accessible only by you.
Encryption: Both access to your account and the data within it are fully encrypted.
Access Control: Access is restricted to authorized users, assigned based on specific needs.
Backup: All data is backed up securely, eliminating worries about data loss.
It’s important to note that only the Enterprise plan of Passwd is designed to be GDPR and SOC2 compliant, giving you control over the infrastructure that hosts your data. While Passwd provides a secure foundation, it’s the responsibility of each user to apply appropriate access controls and follow best practices.
Passwd offers a user-friendly experience with an intuitive interface and added conveniences, such as a browser extension for seamless login. Simply click, and Passwd will autofill your passwords.