The stakes are high. According to a 2024 IBM report(new canada phone number data window), the global average cost of a data breach has reached an all-time high of $4.88 million, reflecting a 10% increase over the previous year. Human error and password-related vulnerabilities are the most frequent causes of these breaches.
Choosing the right enterprise password manager can not only improve your business's security but also your employees' productivity. We've created a business plan for Proton Pass , our end-to-end encrypted password manager that empowers employees to create and manage their secure passwords and allows business admins to enforce password policies and reduce vulnerabilities.
However, there are dozens of business password managers on the marketplace, each with their own strengths. We share the most important criteria you should consider before you choose which password manager is right for your organization.
What is an enterprise password manager?
Key features of an enterprise password management solution
Strong encryption
Two-factor authentication (2FA)
Built-in password generator
Passkey support
Email aliases
Secure data sharing
Activity logs and access policies
Preventing account takeovers
Password health and breach monitoring
Protect your company's digital operations with Proton Pass
What is an enterprise password manager?
An enterprise password manager allows businesses to securely store, manage, and share passwords and sensitive information across their teams. Unlike personal password managers , they offer features tailored for organizations, like centralized management, stronger security, and compliance with regulations. An enterprise password manager tool is essential for any business that wants to lower the risk of security breaches.
Key features of an enterprise password management solution
To fully protect an organization's sensitive data, a password manager must go beyond the basic features found in consumer editions. Here's what you should look for.