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Welcome to Innovate Africa With Dotun Adeoye

Infinite, sustainable growth ideas and examples for strategic thinking executives every Sunday

THE BLOG

Innovate Africa With Dotun Adeoye Every Sunday

Infinite, sustainable growth ideas and examples for strategic thinking executives every Sunday

Pass 1

A Digital Password Wallet Is A Vital Tool For Business Continuity

Introduction

The world of digital passwords is a scary place. Every day, more companies are hacked, and data breaches are more common than ever. The number of stolen records continues to increase, with more than 5 billion stolen in 2017 alone. Digital password manager technology can help mitigate this problem and improve business continuity.

Digital password storage is becoming a standard for many companies.

The digital world has become so ubiquitous that it’s hard to imagine how we manage without it. However, one of the significant issues with being fully immersed in this world is that you can easily forget or lose your passwords.

Digital password storage is becoming a standard for many companies as they look for ways to improve security and ensure their employees have access to all their information in an emergency.

Password managers are an easy-to-use solution for securing digital passwords.

If you have a business, you should be using a password manager.

  • Password managers are easy to use. You can install them and start using them on all your devices immediately (PCs and Macs, Android phones, iPhones).
  • Multiple users in an enterprise environment can use password managers. We’re talking about passwords for all sorts of accounts: work email, social media accounts, banking websites…the list goes on!
  • Password managers are secure because they store passwords in an encrypted format that only you have the key to unlock each time you log into one of your online accounts or applications.

Password manager technology provides a level of security that is not attainable by human memory alone.

A password manager is a software that stores passwords for you, providing a level of security that is not attainable by human memory alone. Password managers are not the same as password safes, which are hardware devices that store passwords and other sensitive information. While most people think of a password safe as being something like an old-fashioned keyring with a few keys hanging off of it, the truth is that there are many different kinds of physical devices commonly referred to as “password safes.” These include things like thumb drives and USB sticks (which can be plugged into computers), keychain fobs (which have no physical buttons), flashcards (which look like credit cards), and even particular types of wallets designed specifically for storing confidential data in addition to cash or credit cards.

The main difference between these physical items is whether or not they can be photographed by someone other than their owner; if so, they may leak important information about your account if stolen!

Password manager systems can be simple and secure to use.

Password managers can be used on all devices and platforms, so you don’t need to worry about compatibility. They are available for most operating systems and web browsers, making it easy to access your passwords from anywhere. Password managers can even be installed as an app on your phone or tablet, so you can use them whenever you like.

Password managers make it simple to manage all your accounts in one place. You only need to remember one master password (usually very long), and then a password manager will take care of everything else for you. It will automatically update any changes made by other users or administrators when they change their passwords, synchronise across multiple devices, generate strong passwords at random along with storing them securely in an encrypted form that only the password manager knows how to decrypt later when needed again by someone accessing those accounts from another device or computer (or website).

Password managers reduce the user burden on IT, improving business continuity.

Password managers are vital for business continuity because they reduce the user burden on IT.

For example, suppose you have 5,000 employees and want to implement a password manager across your organisation. However, without a password manager, each employee must be individually trained to use your new enterprise password policy. This is not only time-consuming but can also be costly if you hire contractors or consultants.

The benefits of using a password manager include the following:

-Easier to deploy and manage -Reduces IT burden on password policy management.

-Reduces the user burden on IT -Faster to deploy and easier to manage -Can be used across multiple devices

Your business needs a password manager.

Your company’s digital assets may be at risk, but you can protect them with a password manager. A password manager is a vital tool for business continuity, and providing some level of security is more challenging than it sounds. Managing passwords across your devices requires time and resources, mainly when multiple team members use different workstations.

Password managers offer a solution to this problem by allowing you to use only one master password for all accounts—and they encrypt usernames, passwords and other sensitive information so that no one else can access them in case an account is compromised. Password managers also provide users with prompts when they log in from unknown devices (such as kiosks), which allows companies to protect their digital assets while avoiding data breaches caused by phishing attacks or malware infections on these devices.

Bottom-Line

A password manager provides your business with the security and convenience needed to keep your data safe. With the technology available today, there is no reason for any company or individual not to use one. Password managers are essential for securing digital data from IT departments and small businesses to large corporations.

Who am I?

I am Dotun Adeoye, a Business Growth Strategist & Author of the 5 Pillars of Business Growth.

I’ve built up my experience via serial entrepreneurship, consulting leadership roles in business growth, business development and product innovation in large companies worldwide in the last 29 years.

Today, I consult with large businesses on how to sustainably grow their businesses, sustain infinite growth, ensure business continuity and achieve a legacy.

Hire Dotun Adeoye to Speak Virtually or In – Person at your company’s event to cover this or other topics. You can also get in touch via +44 203 097 1718

 

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Innovate Africa

With Dotun Adeoye

Every Sunday

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 Teaching business leaders how to grow their businesses & leave their legacy.