What Is the Best Enterprise Password Manager?

Organized cybercrime syndicates target businesses of all sizes and industries. Most security breaches involve a human element, which is to say they are primarily caused by employee negligence and incompetence.

Human error is inevitable, so having a proper cybersecurity infrastructure in place is a must for any organization. This involves, among other things, password management software. But what are the best enterprise password managers available right now?

Keeper is a household name in the password manager world, and you’ve probably come across it if you’ve ever had any interest in such software. There is a free version for individuals, but the more robust enterprise solution is, of course, paid.

Keeper has a zero-trust architecture, which is particularly useful when it comes to preventing ransomware attacks. It also has a strict zero-knowledge policy, which means that Keeper employees don’t have access to customer passwords—neither does anyone else, for that matter. This password management software uses strong AES 256-bit encryption to secure all sensitive information. The encryption system itself is multi-layered, which is especially useful for large organizations that have complex access control models.

That Keeper has a rather elaborate security architecture doesn’t suggest the tool itself is unaccessible to individuals with questionable know-how. On the contrary, Keeper is very intuitive, so even employees who tend to struggle with more sophisticated technology should have no problems using it.

Additionally, Keeper offers a wide-range of authentication methods, including Touch ID and Face ID, and a bunch of other advanced security features.

Launched in 2019, NordPass was developed by the cybersecurity team that created the popular VPN service NordVPN. It is a relatively new player on the password management software scene, but has already managed to establish itself as one of the market leaders.

For encryption, NordPass uses an advanced algorithm called XChaCha20, which has in recent years become popular among Silicon Valley giants, including Google and Cloudflare. It has a zero-knowledge architecture and a robust set of security features. Unsurprisingly, this comes with a price, so NordPass is probably not the best option for a smaller company that needs to factor in budget considerations when choosing software solutions.

NordPass has its own password generator, as well as a password health checker, which makes it easy to check if passwords haven’t been changed in a while, or if old passwords are being reused. It also has a built-in data breach scanner, which scans the web for leaked password databases to check if an organization has been compromised in some way.

Naturally, NordPass offers a range of additional features, such as multi-factor and biometric authentication, real-time monitoring, access control, 24/7 support, and so on.

Dashlane has been around since 2012 and has more than 15 million users. This includes big-name clients such as WordPress and Trustpilot, which in and of itself speaks volumes about this password manager’s quality. It’s also important to note that Dashlane is fully compliant with the California Consumer Privacy Act (CCPA) and General Data Protection Regulation (GDPR), which is always an encouraging sign.

Dashlane secures customer data via AES 256-bit encryption. It is both automated and customizable. For example, it is possible to create custom on-boarding policies, but off-boarding can be automated in the sense that when an employee leaves, their sensitive data (password, credentials) can be reassigned to a different person.

The software itself is easy to use, but perhaps more importantly, it is also personalized, so every employee will regularly get password health scores and be notified in case they need to take action.

On the management end, it is possible to monitor employee behavior and actions, but Dashlane also allows for what is called “Personal Space,” which is separate from the “Business Space.” In other words, employers can monitor workers without violating their privacy.

1Password was first released in 2006, and it is used by companies such as IBM, Slack, and Shopify. It transformed into a subscription-based service in 2018, and remains a great option for enterprises, albeit a relatively expensive one.

1Password uses AES 256-bit encryption, but that is just the surface layer of its muscular security foundation. A feature called Watchtower sends out alerts regarding potential data breaches and other security issues, the built-in anti-phishing tool only fills account details on sites where they have been saved, while 1Password automatically deletes clipboard information.

In addition, 1Password allows business owners to design and enforce their own security policies, which includes managing two-factor authentication, determining how and when certain team members can sign in, granting group or individual access, identity checking, and more.

Zoho Vault is a great option for budget-conscious teams, and evidence that affordable software can match and even outclass expensive solutions. Zoho Vault does not have access to customer data, and it uses AES 256 bit encryption, while all connections to its servers use Transport Layer Security, which provides an additional level of protection.

Zoho Vault is rich with features that make it easier for team leaders and management within large organizations to share passwords, grant and revoke access, transfer password ownership, create different user groups, and so on. A highly-customizable piece of password management software, Zoho Vault also allows administrators to set their own password policy and time-limited access, as well as customize other processes.

Zoho Vault is set up in a way that it grants full and complete control to the business owner or chief executive, allowing them to closely monitor administrator behavior and control what goes on in an organization’s virtual environment. This includes the option to receive emails and notifications for sensitive activities, as well as the ability to review all password sharing events.

Choosing the Right Enterprise Password Management Software

Password managers are essential for businesses because they minimize the risk of employee passwords leaking or being compromised in some way.

Keeper, NordPass, Dashlane, 1Password, and Zoho Vault are all great tools that offer good protection, and a business owner cannot go wrong regardless of which one they choose. Still, up-and-coming businesses and small teams may not have the budget for either of them. When that’s the case, it’s best to focus on building a solid cybersecurity infrastructure from scratch.

Leave a Reply

Your email address will not be published. Required fields are marked *