Passwords are essential for businesses and individuals to function in the modern era. Protecting confidential information and preventing a data breach are critical reasons to ensure passwords are managed securely. Given the number of bad actors out there, passwords must be secure and saved in an encrypted vault.
As an individual, that’s pretty easy to manage. For teams, however, things require a bit more coordination. When users need to share passwords among departments or teams, every person involved must follow best practices to ensure those credentials don’t fall into the wrong hands.
For secure password sharing and management, it is highly recommended to use the best password managers, which offer robust encryption and features for safely storing passwords, credit cards, and other sensitive information. Business-focused password managers also offer centralized control, management, and oversight of sharing, vault health, and more. Read on to learn about important best practices for sharing passwords with teams.
Foster secure password sharing with a password manager
Using a password manager should be an obvious best practice. However, some businesses have yet to adopt a password manager for sharing among teams. Companies have been known to keep a spreadsheet containing app/service/account credentials on a shared drive.
That is a risky decision.
Instead, whenever a password needs to be shared with a team, it should be done via a password manager. All
Users should only share passwords that are necessary for their team to use. It might be tempting to store every password a business uses in a shared vault, but that’s not only inefficient; it also fails to enforce
Organizations may take a less secure path of simply storing all their team passwords or other sensitive information in a single location, but that would be inadvisable. Instead, they should separate those teams into
While this one should be fairly obvious, it can fall by the wayside during transition periods.
No matter how challenging the password, if someone leaves the company, it’s time to rotate all the shared passwords. It is crucial to immediately revoke employee access to confidential information and secrets to prevent unauthorized access and maintain security. Never leave this up to chance. Even if those passwords are incredibly challenging, organizations never know if the person who is no longer a member of the team or company wrote those passwords down or took a screenshot and sent the image to themselves, thus giving them the ability to access sensitive information later on.
As soon as a team member leaves the company, it is important to change every password they had access to. For this reason, it’s essential to have proper auditing, event logs, and access reports, so that a list of passwords accessed by that team member is readily available to the IT team.
Require a random password generator to be used for all passwords
Do not allow team members to create passwords without using a random
This should be a mandatory policy for all team members.
Require users to employ challenging master passwords
When businesses allow team members to use their own logins for Organization vaults, they need to ensure they have a
Enable sharing via a secure link
Businesses that need to transmit sensitive information should consider password managers that offer tools enabling secure sharing via text, email, or another communication channel. For example, Bitwarden offers
Require two-factor authentication when handling sensitive information
Finally, all enterprise password manager logins should employ
This shortlist of best practices may not apply to every situation, but it is fairly universal. If a company is already sharing passwords among teams, it should work these best practices into the mix. If businesses are about to start sharing passwords among teams and/or departments, they should use these tips as the basis for creating a set of best practices that can help keep their passwords and other sensitive information from prying eyes.
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