Businesses and consumers have relied on passwords for decades, and password use has continued to rise over the past two years due to the shift to remote work and increased use of cloud services. Password protection has come a long way, but poor password hygiene still needs to be improved. Credentials are a popular attack vector for attackers to break into organizations, making the use of incorrect passwords a serious business threat.
Password management is primarily a software solution that helps organizations store passwords. The identity management market now includes a vital password management component. Password management is useful for individuals and various businesses, including small and medium-sized enterprises and large enterprises, as a tool for information security and management. It also secures, manages, verifies, and tracks all activity related to privileged accounts.
The password management market is valued at USD 1.4916 billion and is projected to grow at a CAGR of 28.52% from 2022 to 2027. Password management (PM) technology allows you to reset client passwords after an account is locked out or if a user forgets their credentials. As more and more financial and personal information is stored online, the need for complex passwords and secure means of storage led to the development of password managers. According to the report, inadequate password protection accounts for over 81% of data breaches.
Join ‘Future of Password Management for Businesses’ a virtual summit hosted by Group Futurista with various industry leaders to learn more about the topic.
Connect, listen and learn with our live digital sessions.
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The summit will consist of interesting web panel discussions, exclusive live fireside chats and engaging digital industry presentations.
Industry's thought leaders, decision-makers, and solution providers will gather virtually to discuss the latest trends, innovations, and technologies in the Artificial Intelligence Industry.
Congregation of industry's top-level executives and senior officials for knowledge sharing.
Password Security: Learning from Scratch about Password Management.
Password Management: Key Aspects to Build into your Digital Identity Trust Strategy.
How Password Management Protects Your Digital Identities?
Single Sign-On Security
Credential Governance & Controls
Achieve Visibility, Control & Security
Privileged Session Management
Remote Infrastructure Access
Secure Remote Database Access
Industry Compliance & Reporting