Best Password Managers for Business

Cybersecurity can make or break a business. Private data leaking tends to result in a devastating loss for a company, worsened by the inevitable loss of trust from their customers. 

Proactive cybersecurity sweeps and training on safety wards off lower-level cybercriminals, but more sophisticated hackers can break through superficial cybersecurity attempts.

Unfortunately, 63% of confirmed data breaches are executed with the help of weak or stolen passwords. On average, cyberattacks that were successful due to compromised passwords cost businesses $383,365. For many small businesses, this financial burden is too much to bear.

At some point in the subsequent six months after a cyberattack, a jaw-dropping 60% of businesses shut down. The repercussions and consequences of a business experiencing a data breach are extraordinarily serious, so it’s best for business owners to take every measure possible against a cyberattack.
Password managers are a great way to improve cybersecurity. Let’s take a look at the top five password managers:

1. Dashlane

Undoubtedly a giant in the password manager arena, Dashlane has businesses everywhere secured without concern. They boast about their best-in-class security architecture for a good reason. 

The company’s lowest-level business plan is packed with great features. Smart systems grant employees both a personal and a business space, giving them room for personal privacy while remaining secure. The higher tier plan adds convenient logins across accounts and SAML-based single sign-on to the extensive feature list.

Both of Dashlane’s solutions are ready-to-use for any size business. To ensure satisfaction, they offer a 30-day free trial.

2. LastPass

LastPass is one of the first password managers most people think of. The software contains features that were tailored specifically for businesses, making it perfect for a wide variety of companies.

End-to-end encryption, multi-factor authentication, password generation, and more come included with LastPass. While some may argue that their plans are expensive, their customers don’t seem to mind. Quality isn’t cheap, and cybersecurity shouldn’t have any corners cut.

3. NordPass

NordVPN is one of the most recognized VPN services on the internet, so anything that comes from this company is bound to be a quality solution. NordPass works in a tier system, allowing businesses to choose what plan best fits their needs.

Biometric authorization and OCR (optical character recognition) scanning make NordPass a mighty challenger to other password managers. The user interface is seamless, making security a breeze. NordPass offers business plans that are priced by time, such as one or two years. The affordable price tag is yet another bonus. 

4. Keeper Password Manager

Keeper is a much-loved favorite of many businesses. The advanced security policies and variety of two-factor authentication modes are just the start of the feature list. Keeper also comes with an encrypted messaging service, KeeperChat. 

KeeperChat can be set up for several different teams. Marketing, Sales, and HR can all be on separate channels. Separating the messaging channel where most private data is sent keeps sensitive information as secure as possible. 

Keeper’s two business plans, Keeper Business and Keeper Enterprise are both powerful solutions. For the handy KeeperChat tool and other perks like 2FA, Keeper Enterprise is the plan you want to go with.

5. 1Password

A cloud-based password and identity management solution, 1Password gives businesses of all sizes the ability to secure their data while centralizing user options. 

1Password provides solutions for organizations, enterprises, teams, and personal use. By securely storing passwords in vaults and setting advanced security policies, 1Password is excellent at covering all of the bases of cybersecurity.

One of the main powers 1Password gives its users is the ability to tag and categorize passwords. For businesses, this feature gives them the ability to segment their sensitive login data, significantly reducing the amount of data that can be breached.

When all passwords are in one place, hackers are easily able to steal all of the private data you have. 1Password offers three business plans plus a 14-day trial to test the waters.

Cybersecurity is vital to a company's success, and you should have time to focus on it. Symply is designed to give business owners more time by using our seamless enterprise solutions. Get started today with Symply for free!