We use passwords in many ways to protect our confidential or private data, our systems, and networks. From authenticating operating systems users, and applications such as email and remote access to protecting files and other stored information, passwords have acquired an essential role in maintaining our security. Speaking of security, locations like passport agencies or government offices often use "passwords" like a biometric device (that scans the eye or fingerprint) to grant access by authenticating identity.
Why Manage Passwords?
Have you ever scribbled your computer's password somewhere, lost it, and then scratched your head and wondered what it could be? And suddenly, you discover it tucked away in the recesses of the Notes app on your iPhone or on a sticky note that fell under your desk. From a business standpoint, managing your passwords reduces the risk of compromising your password-based systems. Your organization needs to protect the confidentiality, integrity, and availability of passwords so that only authorized users can access secure data.
Limitations of passwords
Passwords aren't the ultimate solution to all of your data security needs. There are several problems with using passwords:
- Firstly, you and your team need to memorize or manage an ever-increasing number of passwords.
- Although various existing mechanisms for enterprise password management can somewhat alleviate this burden, they each have significant usability disadvantages.
- Passwords can also cause more severe security incidents because they permit access to many systems through a single authenticator, which hackers may hack.
The short answer is, use something other than passwords to protect your data. Your organization should plan to use other forms of authentication in the long term, especially for your confidential data or resources.
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Contact an insurance professional and find out how to secure your company's online resources.