The 5 Best Business Password Managers (2024) stay secured

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“In any kind of company environment, it is absolutely necessary for employees to place a high priority on the safety of their business-related passwords and other sensitive information. This requires not reusing passwords, coming up with strong and original credentials, and, most importantly, protecting this information in a highly secure manner, which is unquestionably more secure than writing it down on a Post-It note. Thankfully, a large number of credible security companies have emerged to provide options for the administration of passwords geared specifically toward businesses.

Whether you manage a small or medium-sized corporation, or you operate on a large scale with thousands of employees, you are sure to find a product on our roster that is well suited to your company’s requirements. This is true regardless of the size of your business. Although I consider 1Password to be the best password manager for businesses of any size, you can rest confident that every product on our list will improve the level of password security at your company to a level that is noteworthy. When it comes to the category of ‘Best Business Password Managers,’ these solutions provide not only tranquility but also a strong defense against weaknesses related to passwords.

The Importance of Password Security in Business

In business, password security is important because it keeps sensitive data and processes from being accessed by people who shouldn’t be able to. When passwords are weak or not handled properly, data breaches can happen. These can be very bad for businesses.

Here are a few ways that password protection is important in business:

• Protect sensitive data: Passwords are the first line of defense against unauthorized access to private data like financial information, customer records, and intellectual property. If passwords are weak or not managed well, it can be easy for hackers to get to this information, which can have a big effect on a business’s finances and image.
• To stop info leaks: Data leaks can be expensive and take a long time to fix. They can also hurt the image of a business and cause it to lose customers. Businesses can help avoid data breaches and the risks that come with them by putting in place strong password security measures.
• Protect systems and networks: Passwords are also used to keep unwanted people from getting into systems and networks. If passwords aren’t strong or aren’t handled well, hackers may find it easy to get into these systems and networks, which can cause problems and cost money.

Best Business Password Managers Comparison Table

Employees should be provided with education on best practices for password security, such as how to develop robust passwords and prevent falling victim to phishing attacks.

Feature	1Password	Dashlane for Business	Keeper Business	RoboForm	NordPass
Price	Starts at $3.99/month	Starts at $4.99/user/month	Starts at $4.58/user/month	Starts at $2.99/month	Starts at $3.99/month
Number of devices	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited
Cross-platform support	Yes	Yes	Yes	Yes	Yes
Secure sharing	Yes	Yes	Yes	Yes	Yes
Multi-factor authentication	Yes	Yes	Yes	Yes	Yes
Dark web monitoring	Yes	Yes	Yes	Yes	Yes
Travel mode	Yes	Yes	Yes	Yes	Yes
Download Link	Download Now	Download Now	Download Now	Download Now	Download Now

List of the Best Business Password Managers

Hackers frequently use phishing as an attack method to gain access to users’ passwords. Be wary of phishing emails, and under no circumstances should you download attachments or click on links in messages sent from unknown senders. Businesses should have stringent standards regarding the usage of passwords and require their staff to use complex passwords and update them on a regular basis.

1Password

Feature	Description
Password Manager	Securely store and manage passwords.
Two-Factor Auth	Enhance security with two-factor authentication.
Secure Notes	Safeguard sensitive information with encrypted notes.
Password Generator	Create strong, unique passwords with ease.
Cross-Platform	Access your data on various devices and platforms.
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Advanced two-factor authentication (2FA), safe password sharing, and dark web monitoring are some of the features that are included in 1Password’s extensive feature set. 1Password is incredibly secure and simple to use, and it comes with a wide range of capabilities that can be used by admins as well as team members. I really like how 1Password allows users to link third-party apps in order to add new users and manage their accounts for those users.

By way of illustration, after I connected 1Password to the Slack account for my team, I was able to effortlessly invite everyone to 1Password via Slack and observe when they signed into their respective 1Password accounts. I was also able to receive notifications on Slack whenever someone else’s 1Password account needed to be retrieved. Where 1Password really shines is in its ability to easily integrate with third-party apps like these.

Dashlane for Business

Feature	Description
Password Management	Centralized password storage and organization.
Dark Web Monitoring	Alerts for compromised credentials on the dark web.
VPN for Wi-Fi Security	Secure browsing on public Wi-Fi networks.
Multi-Factor Auth	Extra layer of protection with multi-factor auth.
Secure File Storage	Encrypted storage for sensitive files.
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The accountability of passwords is at the heart of Dashlane’s solution for managing passwords for teams and enterprises. You will be able to monitor the security of the company’s passwords over time using the reporting dashboard that is included with the administrator account. You can use the reports to either track down employees whose passwords have been hacked or to encourage teams or single employees to practice careful password hygiene.

Business account managers who are searching for a dashboard reporting tool that will enable them to rapidly detect password problems before they become security nightmares will welcome Dashlane’s easy-to-read reports. Dashlane is a password manager that allows users to save all of their passwords in one place.

Keeper Business

Feature	Description
Password Vault	Secure storage and access to passwords.
Role-Based Access	Control permissions for team members.
Secure File Sharing	Safely share encrypted files within the team.
BreachWatch	Alerts for compromised passwords.
Mobile Security	Biometric login and device lockout features.
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Keeper simplifies the sometimes laborious process of record keeping. By using the Compliance button located on the dashboard of a business account, users are able to generate comprehensive compliance reports. These records reveal which employees are making use of the password manager and assess the degree to which those employees are practicing safe password hygiene.

Keeper is an excellent tool for company owners who want to monitor the employees’ adherence to best practices for password hygiene. Keeper for Business can generate individualized reports that display a variety of data pertaining to security, including logins, usage statistics, password resets, BreachWatch actions, and more.

RoboForm

Feature	Description
Password Generator	Create strong, unique passwords.
Form Filling	Auto-fill web forms with saved data.
Secure Notes	Encrypt and store sensitive notes.
Multi-Platform	Access data across devices and platforms.
Emergency Access	Grant trusted individuals access in emergencies
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Because it does not contain any graphs or graphics as the administrator interface of LastPass does, the password report provided by RoboForm is straightforward and easy to read. An administrator may see at a glance which employees have a high security score and which employees could use some guidance with the security of their passwords. This information is displayed in a table.

Employers that want to monitor the security hygiene of their employees’ passwords and provide their businesses with a low-cost management solution for passwords should think about using RoboForm as an option. RoboForm is an option that should be examined by employers. RoboForm is capable of performing both of these tasks.

NordPass

Feature	Description
Password Storage	Securely store and access passwords.
Password Health	Evaluate password strength and security.
Secure Sharing	Safely share passwords with trusted contacts.
Data Breach Scanner	Detect compromised passwords.
Cross-Device Syncing	Access passwords across devices seamlessly.
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This encryption method isn’t necessarily better than 256-bit AES encryption (which all of the other companies on this list use), but it is more current and speedier. NordPass is an easy-to-use password manager that uses the xChaCha20 encryption algorithm.

Folders can be used to store a variety of data in NordPass, including passwords, personal information, credit card numbers, secure notes, and more. After that, you’ll be able to give access to those folders to reliable members of your team. Even though it’s easy to use, I’m sad that only customers with an Enterprise subscription may use this function.

Tips for Secure Password Management in the Workplace

Here are some tips for keeping your passwords safe at work:

• Use strong passwords. Passwords should be at least 12 characters long and contain a mix of uppercase and lowercase letters, numbers, and symbols.
• Change your passwords often: You should change your passwords often, at least every 90 days.
• Don’t repeat passwords: You shouldn’t use the same password for more than one account.
• Do not share passwords: Passwords should not be shared with anyone, including coworkers and family members.
• Try a password manager: A password generator can help you make strong passwords for all your accounts and keep track of them.

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