SleepWell™, a registered trademark of Tobin Solutions, representsour comprehensive range of managed security solutions. The selection, development, and management of our SleepWell managed security services are carried out by Team Tobin, guided by our mission and values. This unique blend elevates SleepWell beyond a typical technology solution, adding significant value and peace of mind.
What is the benefit of a Password Manager?
A password manager is a valuable tool for businesses of all sizes. It helps secure sensitive information by securely storing and generating strong passwords for various accounts and systems.
Here are three examples of how a password manager can benefit a business:
- Improved security posture
- As mentioned above, if an employee uses the same password for multiple accounts, a hacker only needs to compromise one account to gain access to multiple systems. A password manager generates unique, strong passwords for each account, making it much more difficult for hackers to gain access.
- Enhanced productivity
- Password managers often come with features such as auto-fill, which saves time and eliminates the need for employees to constantly remember and type in their passwords. This can greatly improve productivity, especially for businesses with a large number of employees.
- Cost savings
- A password manager can help a business save money in the long run. For example, if a hacker successfully gains access to a system due to a weak password, the business may need to hire an IT professional to fix the issue and prevent future breaches. A password manager can help minimize these types of breaches, thereby saving the business money.
Two known security breaches that occurred due to weak passwords are the Yahoo data breach and the Marriott data breach. In the Yahoo data breach, hackers accessed the accounts of all 3 billion user accounts due to weak passwords. In the Marriott data breach, hackers gained access to the reservation systems of the hotel chain, leading to the theft of personal data of up to 500 million guests. These breaches could have been prevented if the affected companies had implemented a password manager.
While password managers are a great tool, they can still become vulnerable. In December 2022 LastPass, a commonly used password manager, reported several breaches of their company which caused some, somewhat warranted, panic in many people that may use their service. Tobin was able to help our clients by monitoring for these types of breaches and helping to mitigate any fallout that may have occurred.
The Benefits of Working with Tobin Solutions for Password Management
- Stronger, Smarter Security
Tobin Solutions implements password managers that generate unique, complex passwords – drastically reducing the risk of breaches caused by weak or reused credentials. - Improved Employee Productivity
Eliminate the frustration of forgotten passwords. Our solutions streamline access, so your team can focus on their work, not their logins. - Long-Term Cost Savings
By reducing the chances of security incidents, password managers can help you avoid costly breaches and downtime – protecting both your data and your bottom line. - Scalable for Growing Teams
Whether you have 10 employees or 200, Tobin provides scalable, cost-effective password management that fits your business needs. - Support for Compliance Requirements
We help you stay aligned with data protection standards and compliance frameworks through secure, auditable password practices.
Security starts with strong passwords – let Tobin Solutions help you manage them the smart way. Contact us today to put the right tools in place for your team.
