Deploying a password management solution to select departments of your organisation allows risks and vulnerabilities to persist, and even grow. In today’s workplace, employees are spending 70% more of their time online, making their digital presence larger than ever. On top of that, password reuse is increasing: 92% of people know using the same password or a variation is risky, but 65% do it anyway*. Even if you implement security practices at your organisation, individuals will continue to have poor password hygiene if they’re not equipped with the right tools to be successful.
Think of passwords as a universal key to any door of your organisation. Whether that door is frequently used or not, it’s accessible. As flexible work continues, doors are added, and the universal key multiplies. Take, for example, the fact that 50% more online accounts were created in a year-over-year study. And for work-related accounts, only 32% had a strong password attached to them.
*LastPass Psychology of Passwords Report 2021