How Stronger Passwords Protect Your Business

Your business is always susceptible to threats whether it’s an external threat or an internal one. On top of that, if someone gains access to your accounts, there’s no stopping what they can do. The problem you need to be aware of is how to strengthen your security to avoid losing everything you’ve worked so hard to create. 

All of this sounds like a no-brainer, but many companies don’t enforce password strength, which means their employees use simple, insecure passwords. Users who change their passwords weekly can experience serious inconvenience: hackers can crack their old passwords even if they use a strong password only to find that they are no longer useful. If people are forced to change passwords regularly, they are more likely to replace their older passwords with weaker ones, rather than simply inventing them.

So what can be done? 

How to Secure Your Passwords

There are three types of tools you can use to create, save and test your passwords: a password generator, a password manager, or a password testing tool. There are a number of secure password management software programs that you could use to generate passwords and remember them.

ArcVault is one password manager that makes password sharing secure and also makes it easy to update and change group passwords in large quantities. Password managers are programs that track the passwords of different accounts and they do all the storage for you, with a master password that gives you access to the password manager. They are great for keeping track of and remembering passwords. They are also great for providing security and protecting your passwords. A single strong password usually protects all your accounts, not just those you use, so make sure you track all your passwords and protect them securely.

You can learn more about how ArcVault secures your business by following the link here. 

A good password manager also includes features to create passwords and ensure that you do not reuse the same passwords. However, using very simple passwords, which are used for the majority of your business activities, increases the likelihood that passwords can be guessed or hacked.

To avoid this risk, business owners can set up a structured password police so that passwords continue to provide the necessary security. If you don’t want to leave network protection to employees who choose passwords, use a good endpoint security software. CyberArk is a good option to protect your company’s passwords for highly sensitive information, as long as you have the knowledge to use them properly.

Password managers such as LastPass and 1Password allow users to create strong passwords and help you generate and store strong, unique passwords when you sign in to new websites. The software will try out every possible combination of characters and will try out the most commonly used passwords, as weak and common passwords can be hard to crack due to brute force attacks. Second, password managers can not only save and store passwords, but also create a database of all passwords for your account. This way users do not need to remember complex passwords; the software automatically tries out all the possible characters and combinations it has tried, even if a weak or common password is cracked.

It should be pointed out that there are several misconceptions about password managers. If you have any reservations, then I recommend looking at our previous blog here.

It is common for people to use the same password to log on to a variety of websites, and each time you need a new account on a website, password managers can create strong, reliable passwords by storing all passwords in a single place. This reduces the need to remember long passwords and can help improve security compliance for your users. Password managers enter and remember passwords for you, which means you don’t have to remember new, lengthy and secure passwords every 90 days. 

You can start by creating an effective password security policy and provide strong protection against unauthorized access by providing best practices. Password policies are a great way to increase password security by encouraging users to create strong and secure passwords and then store and use them properly. This allows administrators to manage security policies and set policies on how strong passwords should be and how often employees need to change their passwords.