And how our approach to data sovereignty, restricts hackers to target your sensitive data, ensuring your security is always resilient.
You have heard about password managers getting hacked and the fallout that comes with it—sensitive data stolen, mass exposure of millions of users’ vaults, and businesses scrambling to recover.
So, it is no wonder so many people are hesitant to use password managers. After all, why would you trust your most sacred passwords to someone else? Especially, when there are reports of cloud-based password managers being hacked and the stolen password data being traded on the dark web.
The truth is that most password managers operate on a typical SaaS model. This means that all your passwords and sensitive data—everything from your bank accounts to cryptocurrency wallets—are stored on the password manager vendor’s servers.
Guess what? Hackers love this.
And why wouldn’t they? It is a one-stop shop for them—breach the password manager vendor’s servers, and they gain access to a treasure trove of users’ sensitive data, all kept in one place. Recent breaches of prominent SaaS-based password managers underscore the vulnerability of even well-established solutions. These incidents highlight the potential risks to the data security of millions of users.
Why password managers are always a target of hackers
To put it simply: Hackers tend to focus their endeavours on targets that offer the best “return on investment” for their malicious activities. With centralized password managers, if a hacker manages to infiltrate their servers, they potentially gain access to millions of users’ sensitive information all at once. This highlights the “Achilles’ heel” of most password managers, as they store all their customers valuable data in one place, their own cloud servers.
Think about it.
A SaaS password manager is like a vault full of jewels, all sitting in one location. Once hackers breach the vendor’s servers, they gain access to millions of encrypted vaults.
Sure, they will still need to crack the encryption, but they have all the time and tools on their side. And yes, they can work offline, trying to brute-force your master password at their leisure.
If we draw another parallel, it’s like intruders stealing your locked safe. Yes, it’s locked and they still need to crack it open to access your valuables. But the unsettling truth is that your safe is now in the wrong hands, and even if it’s locked, you can’t shake off the feeling that it’s only a matter of time before someone breaks it open.
In addition, organizations not only demand data security but also data sovereignty
When it comes to password managers, security is just one part of the equation. Organizations also want to maintain complete control over their sensitive data. Here are two key reasons why:
- Encryption is just not enough, server security equally matters – While encryption is a crucial aspect of password management, it’s not the only factor to consider. The security of the vendor’s servers is equally important. If a vendor’s servers are compromised, the organization’s encrypted data is still at risk.
- The risks of centralization – Centralized password management solutions can be a single point of failure. A single breach of the centralized server can potentially put all the password vaults stored on that server at risk. This is a major concern for organizations.
To reduce the risks associated with data centralization, organizations are seeking decentralized solutions that allow them to maintain control over their data, a concept known as data sovereignty. Such solutions enable them to store their password vaults within their own trusted environments, thus complying with all their own security and data privacy standards, rather than relying on those of a third-party vendor.
Enpass: The decentralized password management solution that puts you in complete control
Enpass is built differently with a key principle in mind – Password Management Your Way.
Enpass is the only password manager in the industry where you choose the location of your data—not the vendor. YOU control YOUR data, YOUR way, ensuring complete data sovereignty. And unlike the traditional self-hosting approach where you have to host and manage the servers, Enpass offers a unique approach that eliminates the complexities and costs of managing your own servers.
For businesses using Microsoft 365 or Google Workspace, Enpass seamlessly integrates with those environments, allowing each individual user to securely store their vaults within their OneDrive, SharePoint, or Google Drive accounts. This decentralized approach ensures that your data remains within your own trusted digital workplace, greatly reducing security risks by eliminating the need for centralized servers, that are prime targets for hackers.
Unlike typical SaaS solutions, Enpass doesn’t store the users’ passwords on its servers, that would be a target for hackers and pose a single point of failure. Instead businesses store their data in their trusted Microsoft 365 or Google Workspace environments.
With Enpass, there remains no single point of failure and no centralized server for hackers to target. If a hacker ever wanted to access an Enpass user’s data, they’d have to target each individual user, one at a time, break into each individual’s digital workplace, their cloud storage account, bypass multi-factor authentication, and crack the master password, a highly unattractive effort, for just one user, and an unscalable uphill battle they’re not likely to win.
Enpass makes it incredibly difficult for hackers to reach your data
With Enpass, here’s what hackers need to get through, but can’t:
- First, discover your cloud storage: Before reaching your Enpass vaults, hackers first need to figure out which cloud service users are using. Personal users could be using iCloud, Google Drive, OneDrive, Box, Dropbox or NextCloud for storing their vaults while businesses will typically use Microsoft 365 or Google Workspace. And it’s not unusual for personal and business users to use a combination of different storage, especially separating their personal and work data. All of this means there is no central Enpass server to target.
- Then, know your cloud account password: To breach into your cloud account, they need the password of a user’s cloud storage.
- Then, bypass your Multi-Factor Authentication (MFA): This extra layer of security means that even if they somehow get your password, they still need to bypass the authentication method you are using for your cloud access.
- Then, decrypt your vault: Your vault is encrypted with AES 256-bit using your master password, combined with 320,000 rounds of PBKDF2-HMAC-SHA512 cryptography algorithm. So even if they manage to steal it, they’d need to know your master password to decrypt your vault.
- Additionally, bypass the Keyfile: Leaving nothing to chance, Enpass allows you to add an additional keyfile along with your master password, making their job even harder. A keyfile is basically a file on your device which contains an encryption key. And when used along with a password, it acts as a second factor of authentication.
Reaching this far is not only virtually impossible, but also extremely unattractive and unrewarding for a hacker, from a resource versus reward perspective. Meaning most will give up and focus their attention elsewhere.
That’s why we strongly believe that Enpass is immune to mass breaches!
One of the other best aspects of Enpass is that meeting your compliance requirements while selecting a password manager is effortless. Since your data remains within your trusted Microsoft 365 or Google Workspace environment, it’s already compliant with your data protection policies and regulatory laws like GDPR.
Take back control of your data sovereignty with Enpass
Watch this short video and start a free trial to discover how Enpass can be the perfect password management solution for your organization, improving your overall security posture.