With TeamPassword, users can benefit from simple and effective solutions to store and share passwords and team logins. These convenient features enable you to let business projects progress securely and protect your digital assets. Our pricing models are designed to give flexible options depending on your team size and budget. This article explains why it is a small price to pay to invest in a password manager like TeamPassword. To get started with protecting yourself click here for a free trial.
Password Breach Cases
When an accident doesn’t happen to us, we don’t know the importance of protection. People tend to learn lessons after they make a mistake. But, when it comes to cybersecurity, making a mistake and being naive can be extremely costly. In this section, we will have a look at three password breach cases and the cost the companies had to pay.
RI Advice Group stored passwords in plain text
RI Advice Group is an Australian financial firm. In August 2020, the company was sued for storing passwords and other credentials in plain text files. The Australian Securities and Investments Commission (ASIC) took the financial advisory firm to the Federal Court for failing to maintain a “reasonable standard” of cybersecurity. In the court filings, ASIC alleged that RI failed to ensure its representatives secured the critical personal and financial information of their clients.
500,000 Zoom Account Breaches
In April 2020, over 500,000 Zoom accounts were compromised and sold on the Dark Web and other hacker forums. It turned out that the majority of the passwords were old and had been hacked before. An investigation by Cyble, a cyber risk assessment firm, found that each password was sold under $0.01 in USD and some were even offered for free.
Facebook stored millions of user passwords in plain text
In March 2019, it was reported that the social media network giant stored hundreds of millions of user passwords in clear text although they were not exposed externally. The majority of the passwords were for users of Facebook Lite, which is a light version of Facebook for slow network connections. Facebook is known to well protect passwords normally but this case was not a best practice for password management.
Poor password management can lead to significant damage to your company’s bottom line and brand. Considering the potential damage, using a paid security tool to protect passwords can yield a great return on investment.
TeamPassword can protect passwords
To protect your critical assets, TeamPassword offers an extensive range of features. Let’s have a look at some of our major features.
As we could see from the case studies above, old weak passwords can be an easy target for hacking. When you have to generate unique and strong passwords regularly, it can be tough since it needs your creativity. Our password generator tool helps you ease the burden and lets you create strong passwords with simple clicks.
Ease of Use
TeamPassword supports various devices including desktops, laptops, and mobile devices. With the TeamPassword’s extension, you can use Chrome, Firefox, or Safari to easily access your password. After installing the extension, you can simply click your password on the extension menu to log in.
When you work in multiple teams or work for many clients, managing passwords becomes more difficult and scalability becomes an important factor for project management. With TeamPassword, you can easily and securely share credentials with the whole or part of your teams and even with external clients. When new members come in or leave, you can add or remove certain users to your group.
Logging and Notifications
When a new user is added to a login group, you might want to get notified to monitor the person’s activities. Also, TeamPassword informs you of which logins are being updated. With this feature, you can take swift action at the right time to prevent an accident.
MFA or Multi-Factor Authentication adds an extra security layer to your login credentials. It is known that using MFA can block most of the automated login attempts from hackers. TeamPassword can be compatible with Google Authenticator to generate code. After your login using username and password, you’ll be prompted to provide an MFA code when MFA mode is enabled. You can also make backup codes to prevent you from being locked out.
TeamPassword provides various affordable pricing options for our users. You can explore our product with the Starter plan at $15 per month. That’s for five members. If you have a large team, our highest option allows 50 users at $100 per month. We also have $30 and $60 per month options for different team sizes.
In this article, we learned why using TeamPassword can be a good investment for the future. If you consider the potential damage to your organization, our price plans have affordable options for various teams sizes and periods. At TeamPassword we provide the best software to generate and have your passwords managed correctly. If you would like to learn more about it, please sign on to the free 14-day trial today.