Whatever you do, stop using Excel for Password Management Now

By Jordan True

Is your organization still using Excel to manage the keys to the kingdom? You’re not alone, but storing privileged account passwords and credentials in a spreadsheet poses a serious security risk.

First and foremost, Excel was never intended to be a password manager. Strong mathematical functionality does not mean you can expect strong security features. Privileged accounts and passwords must be protected with the highest security possible and that absolutely must include two-factor authentication. It’s simple – the lack of built-in security, data loss, and security updates with spreadsheets make your organization highly vulnerable to attack.

How can you eliminate the risk of using Excel for enterprise password management? The key is to use an automated Privileged Account Management solution. A comprehensive solution, built to manage privileged accounts and privileged account access not only provides security, but enables you to focus on other IT operations and enterprise priorities. Key features in a Privileged Account Management solution include:

-Ability to manage and organize passwords
-Top-level security with audit and compliance
-Real-time management and disaster recovery

Need buy-in from other members on your team? Old habits are hard to break, but once your company sees the security and functionality that the right automated password management solution brings to your enterprise, you’ll be the office hero. And we have the perfect toolkit for you to propose the right solution to your team.

1.) Download the ‘Top Reasons Why Using Excel to Store Privileged Credential Passwords Creates Needless Risk’ white paper for the top 8 reasons why you shouldn’t risk your keys to the kingdom.

2.) Watch the “Using Excel to Store Privileged Account Passwords: You’ve Probably Already Been Breached” webinar to learn about the risks and how your systems may have already been breached without you even knowing it.

There is no excuse to use Excel for password management. Get started with a free enterprise Privileged Account Management trial today.

Source:: Thycotic