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4 Reasons Why Browser-Saved Passwords Pose a Risk to Your Business

Employees' browser-saved passwords pose a risk to your business. Find out why this is the case and what you can do to mitigate this risk in the article below.

Password management is an important part of running a business. With so many passwords to keep track of, it’s easy to lose track of which one is what. This can lead to employees using the same password for multiple accounts, or worse, using a password that is easy to guess.

For most people (including your employees) saving passwords in our browser have become the norm because of how convenient it is. Nobody wants to spend valuable brain power trying to remember complex passwords for a wide array of accounts. So we let our browsers do the hard work for us. However, storing passwords in our browsers pose a serious risk to businesses, risks that are mostly related to the lack of security and privacy that this practice entails.

Here are 4 reasons why:

4 Reasons Why Browser-saved Password Pose a Risk To Your Business

1) Browser-saved passwords make it easier for people with bad intentions to get access

While browser-saved passwords are making it easier for people to manage their many accounts, they also make it easy for people with bad intentions to get access. The most secure way to protect your accounts is by using a password manager that generates complex, unique passwords.

2) Browser-saved passwords are often used for sensitive accounts

For many of us, browser-saved passwords are often used for sensitive accounts. This is because they are easy to use and they can be accessed quickly. However, people tend to use passwords that include their names, where they live and other personal information. The problem with this is that hackers can easily find these passwords and get into the accounts without much hassle.

3) Browser-stored passwords are stored in plaintext, which means they’re vulnerable to hacking

For many of us, browser-saved passwords are often used for sensitive accounts. This is because they are easy to use and they can be accessed quickly. However, people tend to use passwords that include their names, where they live and other personal information. The problem with this is that hackers can easily find these passwords and get into the accounts without much hassle.

“Being able to manage your employees passwords in a systematic way is incredibly valuable when employees suddenly get sick or lose their devices."

4) Browser-saved passwords make it harder for you to enforce security policies

A major security risk that has come to light with the rise of browser-saved passwords is that they can make it harder to enforce security policies. For example, if a user has their laptop stolen and the thief accesses their browser, they might be able to retrive all of the user’s passwords for every single site, they have an account on. 

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