Using weak passwords or reusing the same password across different services is a critical security risk for your business. Once a criminal has a single password, they can access multiple accounts, leading to data breaches, financial loss, and identity theft.
Data from these breaches is frequently sold on the dark web, making robust password security essential. But what can you do to protect your business accounts effectively? The solution involves two key tools: Password Managers and Multi-Factor Authentication (MFA).
Implement a Password Manager
A password manager is the foundation of modern password security. Instead of trying to create and remember dozens of unique passwords, a manager does the work for you.
These tools automatically generate long, random, strong passwords for each account. The manager then stores these credentials in a highly secure, encrypted vault. You only need to remember one master password to access your vault, and you will have secure access across all your devices.
A professional password manager gives your business a centralized and secure way to manage employee credentials.
Turn On Multi-Factor Authentication (MFA)
While a password manager protects your passwords, Multi-Factor Authentication (MFA) protects your accounts even if a password is stolen. Microsoft has stated that MFA can block over 99.9% of account compromise attacks.
When MFA is active, logging in requires a second piece of verification in addition to the password. This is typically a temporary code sent to a trusted device, like an employee’s smartphone. The most secure method is an authenticator app, which generates a new, unique code every 30-60 seconds.
Even if a criminal has a correct username and password, they cannot access the account without this physical device. Implementing MFA across all your business applications is one of the most effective security measures you can take.
Secure Your Business with a Modern Password Strategy
Relying on human memory for passwords is a failed strategy. Combining a password manager and mandatory multi-factor authentication is the industry standard for protecting business accounts.
Procision can help your business deploy a secure password manager and implement MFA across critical applications. We provide the tools and training to ensure your team’s access is convenient and highly secure.
Contact Procision today to build your modern password security strategy.
