IT Central Station is now PeerSpot: Here's why

Top 8 Enterprise Password Managers

Azure Key VaultDelinea Secret ServerCyberArk Enterprise Password VaultHashiCorp VaultAWS Secrets ManagerLastPass BusinessKeeperDelinea Privileged Access Service
  1. leader badge
    Among the features that have helped improve our security posture are storing secrets in a secure location to create a trusted situation, trusted resources, and incorporating identity access management so that we know who has access to what.
  2. leader badge
    Number one is the password vault; it's very good. Number two, they have a feature for remote desktops that are created on a per session basis, which is very good for security.
  3. Buyer's Guide
    Enterprise Password Managers
    July 2022
    Find out what your peers are saying about Microsoft, Delinea, CyberArk and others in Enterprise Password Managers. Updated: July 2022.
    620,600 professionals have used our research since 2012.
  4. leader badge
    The most valuable features of CyberArk Enterprise Password Vault are password vaulting and automatic rotation of passwords after use.The logs and reporting features are impressive.
  5. leader badge
    We were using it because we have compliance requirements around secret management. Having a secure vault and encrypting data was an additional requirement. When we looked at it first, we were just looking for a vault, like a lockbox. The greatest benefit of HashiCorp is its ability to manage encryption on the fly. It provides encryption of data at rest, in use, in transit, on the fly, and linked with applications, which was really attractive.
  6. All our workloads are running on AWS, so integration with our workload is much easier on AWS Secrets Manager than going with another solution such as Thycotic.
  7. One feature that is really important to us is the ability to create secure notes.It is easy to use.
  8. report
    Use our free recommendation engine to learn which Enterprise Password Managers solutions are best for your needs.
    620,600 professionals have used our research since 2012.
  9. I like a couple of things about this solution. Being able to share passwords with other people is valuable. You can see if the information is out on the dark web and whether you have weak passwords and the last time they were changed. You could also have the 2FA or MFA codes embedded in the application so that you don't have to use your phone or any other 2FA device, which is something very important.
  10. The most valuable feature is the author's discovery of assets.The reporting is excellent.

Advice From The Community

Read answers to top Enterprise Password Managers questions. 620,600 professionals have gotten help from our community of experts.
Rony_Sklar - PeerSpot reviewer
PeerSpot (formerly IT Central Station)

There are many enterprise password managers available to help with employee password management. Aside from using a password manager, what else can be done to ensure that employee passwords are secure?

Denys Zalevskyi - PeerSpot reviewer
Denys Zalevskyi The general best practice says that all the users in a company must attend… more »
6 Answers
Evgeny Belenky - PeerSpot reviewer
Evgeny Belenky
PeerSpot (formerly IT Central Station)
Dear IT Central Station community, What advice can you share with the community (especially with enterprise users) on Password Day 2021? Thanks, IT Central Station Community Team
Read More »
reviewer1324719 - PeerSpot reviewer
reviewer1324719The very question is endemic of the problem associated with passwords. A day… more »
4 Answers

Enterprise Password Managers Articles

Netanya Carmi - PeerSpot reviewer
Netanya Carmi
Content Manager
PeerSpot (formerly IT Central Station)
Jun 03 2022
Top 8 Enterprise Password Managers Tools PeerSpot’s crowdsourced user review platform helps technology decision-makers around the world to better connect with peers and other independent experts who provide advice without vendor bias. Our users have ranked these solutions according to their val...
Read More »

Enterprise Password Managers Topics

Why use password managers?

At the corporate level, enterprise password management software ensures your organization’s passwords are managed without human error and improves the security of your sensitive data. Here are other benefits of using enterprise password management solutions:

  • They save time. A password management solution eliminates the time IT staff needs to spend setting up, modifying, monitoring, and removing passwords. The software automatically removes passwords from redundant accounts, implements changes, and monitors for unused or duplicated passwords.
  • They simplify tasks. An enterprise password management solution simplifies the managing of passwords for different entities and across environments. For instance, managing human and non-human credentials for applications and services.
  • They provide accountability. Organizations these days are required to conduct security audits and reports to comply with data privacy and management regulations. Enterprise password management solutions provide the reporting trail on security policies so you can keep in compliance.
  • They control access to third-party users. Your organization may have to deal with third-party users like contractors who will need a temporary password. When managing passwords manually, these temporary passwords are often forgotten about and not removed, ready to be discovered by an attacker. An enterprise password manager automatically removes temporary passwords when they are no longer needed. Additionally, these solutions enable you not only to give access but also to monitor or even record sessions.

What are the different kinds of password managers?

Enterprise password management solutions available in the market differ on the features they offer, the level and encryption technique they use, etc. However, we can classify password managers into six categories:

    1. Desktop-based password managers encrypt usernames and passwords and store them in your desktop machine.

    • Pros: The data is encrypted and stored directly on the machine, providing physical protection for the data.
    • Cons: You cannot access the password from other machines or devices. Thus it is not suitable for shared environments.

    2. Browser-based password managers save your login credentials in the browser, such as Chrome, Firefox, or MS Edge.

    • Pros: Easy to use, free.
    • Cons: Lacks advanced features.

    3. Mobile password managers store your passwords and usernames on a portable device such as a mobile phone, flash memory stick, or hard disk drive.

    • Pros: Offers physical security and is more flexible than desktop-based password managers.
    • Cons: Risk of losing sensitive data if the device is lost or stolen.

    4. Cloud-based password managers store usernames and passwords in a cloud provider’s server and transmit them using secure communication channels.

    • Pros: Easy access from any device anywhere.
    • Cons: The security of the data depends on the cloud provider’s security level.

    5. Token-based password management protects the credentials and passwords with an additional security measure. The user needs to provide the login credentials and a security token sent via text or application to their device.

    • Pros: Offers multiple authentication levels.
    • Cons: Typically more complex and expensive than other password management methods.

    6. Stateless password management systems randomly generate passwords using a master pass phrase and a key derivation function.

    • Pros: The passwords are not stored in the database. The system generates random secure passwords.
    • Cons: They are more vulnerable to brute-force attacks.
    Password Manager Features

    Enterprise password management solutions enable organizations to automate the creation, change, removal, and monitoring of passwords, credentials, and sensitive data of humans and entities.

    While every solution is different, when looking for an enterprise password management solution, these are the features you should look for:

    • End-to-end encryption: This is a basic feature of all password management solutions. It requires the encryption of the password, credential, or data, both in transit and at rest. To decrypt the data, the recipient needs to provide a unique authentication key. This means that not even the cloud storage provider can access your passwords, since they are encrypted.
    • Multi-factor authentication (MFA): MFA is one of the requirements for safe credential management by most compliance regulations. It provides an extra level of security by using the password and another method of authentication to give access. A token sent to the user’s phone is an example.
    • Password sharing: While this may seem unsafe, the reality is that sometimes you need to share passwords and credentials. An enterprise solution enables you to do so securely by using encryption and secure channels, avoiding sending passwords via email or text message.
    • Role-based permissions: This is essential to keep identity and access management on track. Privileged accounts usually are the preferred target of attackers. Role-based permissions enable administrators to assign the minimum access required for the task.
    • Password generator: There is no use for a password manager if users are creating weak, repeated, and hackable passwords. Ensure the solution you choose has a strong password generator so that users are assigned secure passwords every time. Most solutions then save the password in the application so users don’t have to write it down.
    Enterprise Password Management Best Practices

    Most companies will apply several best practices to reduce the risk of attackers gaining access through the company’s passwords. Some of the enterprise password management best practices may include:

    1. Reducing the use of passwords: using single-sign-on systems or password integration can help to reduce the need for multiple passwords.
    2. Use an enterprise password management solution: these solutions enable automated creation, monitoring, and removing passwords without affecting productivity. The software regulates passwords and privileged access to systems and resources.
    3. Monitor, track, and report: any activity that is password-protected should be monitored, tracked, and reported.
    Buyer's Guide
    Enterprise Password Managers
    July 2022
    Find out what your peers are saying about Microsoft, Delinea, CyberArk and others in Enterprise Password Managers. Updated: July 2022.
    620,600 professionals have used our research since 2012.