What’s the Best Password Storage Method for Your Business?

Cyberthreats emerge day by day growing stronger each time. One of the most important defences against these threats is strong passwords. However, we know how difficult it is to remember a strong password for each and every service you use. This is where password storage comes into play.

 

Why Do I Need a Secure Password?

Put simply, 811% of data breaches can be put down to poor password hygiene. This covers areas such as weak passwords or storing them in non-secure ways such as a word document. This therefore highlight the importance of a strong password and by using password storage, you can take the stress of remembering a long password away.

a BYOD device with mta-sts

Tip 1: Never Store Passwords in Plain Text

If you’re storing your passwords in a word document, excel spreadsheet or sticky note, you are putting your account security at a massive risk. If your device is hacked or stolen, all of your account information is also shared and this can lead to a variety of problems such as account breaches, unexpected payments and cyber attacks to your company. Always make sure your passwords are stored using a password manager or secure type of storage.

Tip 2: Use a Password Manager

Although some password managers get a bad reputation, if you pick a reputable and well trusted password manager, you can secure your accounts in the most effective way possible. By having one master password which allows you into your password manager, the rest is securely organised and encrypted meaning even if someone got into the manager, everything else is still kept hidden and secure.

Tip 3: Don’t Reuse Passwords

The most important thing in password security is variety. Ensuring all passwords are unique and different is the most important thing you can do. Even if you’re using a password manager, its important every password is different. This is simply because if you use the same password everywhere, if one gets breached, they all get breached. Use passwords with 12+ characters and a good mix of numbers and symbols.

Out of Office message on laptop

Tip 4: Use Multi Factor Authentication

In 2025, just having a password isn’t really enough. By using MFA (Multi Factor Authentication), you can improve account security massively. This involves having a separate device in which a code is sent to. You then input this into the box and it allows you access to your account. This code changes every time to make it more secure.

At Three Cherries, we believe having one password to remember instead of 67 different unique passwords makes much more sense and having password storage is a must. If you want any more information on how a password manager can be set up for your business, contact us today. At Three Cherries, we take the gamble out of business technology.

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