Organizations face a serious challenge: managing passwords securely while staying compliant with IT security policies, and data protection laws such as GDPR, maintaining certifications such as ISO 27001, SOC 2, and NIST 800-171 while enabling and managing a simple user experience for their staff.
Add to that the increasing requirements of cyber insurance policies, that make it clear password management is a critical requirement for organizations.
Despite all this guidance, many organizations still follow poor password management practices. According to a survey by Verizon, 81% of data breaches are caused by weak, reused, or stolen passwords, and yet, many organizations continue to rely on outdated and insecure password management practices.
Employees note sensitive passwords on post-it notes, in spreadsheets, note-taking apps or their mobile phones, practices that contradict the industry best practices defined in business contracts and industry certifications, directly violating their obligations, and exposing their business to unnecessary risks.
Organizations hesitate to use password managers due to genuine concerns
Deploying and enforcing the use of a password manager across an organization is an absolute must but, choosing the right one can be a daunting task, hence many organizations hesitate to adopt password managers.
Based on market feedback, two major reasons are:
1. Password managers are seen as a single point of failure
One of the biggest reasons for the lack of trust is password managers being perceived as a single point of failure. Organizations are afraid of placing all their passwords in one location. A typical SaaS-based password manager stores all their users’ credentials on its own servers, and those servers become prime targets for hackers, as recent breaches have shown, making an organization vulnerable to a mass breach. Add to this the fact that the data is often being stored in a different legal jurisdiction and secured using practices that differ from your organization’s corporate policies, and you can understand why they’re uncomfortable using such products.
2. An organization own internal policies and regulatory compliance obligations can be seen as a barrier to password manager adoption
Another big reason why organizations hesitate to adopt password managers is policy compliance. Many companies have strict IT, cybersecurity, and data protection policies, coupled with certification and national regulatory obligations that prohibit them from storing sensitive information outside their trusted environment and geographical jurisdiction.
Storing passwords on a third-party vendor server may violate their corporate policies and regulatory compliance obligations, leaving organizations understandably wary of such risks and penalties.
Enter Enpass, the solution that addresses all the concerns and requirements of an organization
Addressing Concern 1: No single point of failure or hacker target for a mass breach
Enpass never collects, stores or has access to YOUR data. Users individually store their data either on their local devices or in their trusted cloud storage, meaning there is no central storage for hackers to attack and no single point of failure. For organizations running on Microsoft 365 or Google Workspace, Enpass seamlessly integrates with those environments, allowing users to securely store their vaults in OneDrive, SharePoint, or Google Drive accounts.
Addressing Concern 2: Addressing an organization’s internal policies and regulatory compliance obligations
Enpass ensures that organizations meet their policy and regulatory compliance requirements, as individual users’ vaults are not stored in a third-party vendors cloud, they are stored on the organization’s own trusted Microsoft 365 or Google Workspace, that is already in adherence to with their existing policies and compliance requirements. Enpass effectively tackles both security and compliance concerns head-on, offering organizations the best of both worlds. It is the industry’s only password manager where you choose the location of your data, not the vendor. YOU control YOUR data, YOUR way, ensuring complete data sovereignty.
More than a Password Manager
Beyond just securely storing passwords, Enpass delivers advanced password management features and more!
- Enpass generates strong passwords, avoiding weak and reused passwords.
- Enpass autofills the passwords into your applications and browsers, enhancing productivity and user experience.
- Enpass enables you to share specific passwords in a controlled manner.
- Enpass regularly checks the dark web to ensure you’re not at risk.
- Enpass stores your personal passwords and data separately from your work passwords and data.
- Enpass enables you to securely store many other forms of sensitive data such as bank cards, identity cards and confidential documents.
- Enpass is also a Multi-Factor Authenticator, enabling users to utilize 2FA/MFA for increased levels of security.
- Enpass can be fully integrated with Microsoft365 and Google Workspace, allowing administrators to manage users, enforce corporate policies and receive health reports.
Final Thought
When it comes to securing your organization’s most sensitive data, there’s no need to compromise. Enpass offers a solution that puts YOU in control of YOUR data, while removing mass breach targets for hackers. With no centralized servers and complete control over where YOUR data is stored, Enpass gives organizations the power to manage passwords securely while staying compliant with corporate policies and national regulations.
Ready to take back control?
Watch this short video to see how Enpass works then start a free trial to experience for yourself how Enpass can help secure your business