Small business insurance from £5.13 a month.Get a quote.
ENTREPRENEUR HANDBOOK
  • Start a business
  • Buyer guides
    • Finance & insurance
    • Software & services
  • Topics
    • Finance
    • Insurance
    • Technology
    • Marketing
    • Human resources
    • Legal
    • eCommerce
    • Leadership
    • Procurement
    • Investing
    • News
  • More
    • Advertise with us
    • Subscribe
    • Privacy policy
    • Terms of use
    • Contact us
Subscribe
No Result
View All Result
  • Finance
  • Insurance
  • Technology
  • Marketing
  • Human resources
  • Legal
  • eCommerce
  • Procurement
  • Leadership
ENTREPRENEUR HANDBOOK
  • Start a business
  • Buyer guides
    • Finance & insurance
    • Software & services
  • Topics
    • Finance
    • Insurance
    • Technology
    • Marketing
    • Human resources
    • Legal
    • eCommerce
    • Leadership
    • Procurement
    • Investing
    • News
  • More
    • Advertise with us
    • Subscribe
    • Privacy policy
    • Terms of use
    • Contact us
Subscribe
No Result
View All Result
ENTREPRENEUR HANDBOOK
Subscribe
No Result
View All Result
Cyber security, Procurement

5 Questions to ask before buying a password manager

Published by Editorial team, last update Aug 24, 2020
A hand holding a key about to be entered into a lock as a symbolical representation of how password managers work at a base level

Password managers are a wonderful tool for protecting yourself online. But it’s important to remember that every password keeper is different. Much like people, it’s rare to see two that are identical.

Each different password keeper has different features. While some managers allow you to store your data offline, others require you to back up your information to a secure vault. The manager you chose ultimately depends on what kind of features you are looking for.

Related posts

  • 7 questions to ask before purchasing new capital equipment & machinery
  • 7 proven time management tips for busy managers
  • Buying a franchise: Everything you need to know

It’s important for you to have an idea of what kind of security you need before you start your search. This will help you narrow down your options and pick out the services that don’t meet your needs.

We know that it can be a little confusing to figure out exactly what type of password manager to choose. So, before you jump to download the first management tool that pops up in the play store, ask yourself these five important questions.

How will my data be stored?

Some password management tools offer offline storage, which is a guaranteed way to protect your data from hackers. But what if you want to seamlessly sync your password keeper across multiple devices? Well, that requires online storage, which can put your data at a higher risk of being breached.

If you plan to store your data online, look at the type of encryption used to protect your password vault. Look specifically for managers that use end-to-end encryption, or E2EE.

This type of encryption secures data on the sender’s end, and only the recipient can decrypt it. This type of encryption is especially hard for hackers to breach. Management tools that provide this secure encryption will also be prevented from accessing your information themselves.

Has it been independently researched and audited?

Do some research on the integrity of the password management tool you’re considering. If you can’t locate any information on independent studies, or the company isn’t forthcoming with the information, we suggest ending your search there.

Independent research is highly important for password managers as they help to find and fill the gaps in protection that hackers could take advantage of. Any password management tool that hasn’t undergone an independent audit is unlikely aware of the holes in their security.

We always recommend finding an option that pays a significant amount of attention to make their product as secure as possible, apps like Keeper offer a free password manager.

What happens to my data if something happens to me?

Like it or not, we are not guaranteed any time on this earth. If something were ever to happen to you, you want to make sure that your data stays secure but still accessible to those that might need it. Compare and contrast each password manager that you consider. Are you able to list emergency contacts in the event that you can no longer manage your account?

Look for a service that considers this aspect, and doesn’t require you to share your master password with anyone, even someone you trust. Some management tools will allow you to add a certain number of people who would be authorized to access your account details in the event that something were to happen to you.

Is the manager being continuously updated?

Updates are a necessary part of digital life. Every app we have on our phone gets updated frequently, so why would we expect any different from a service designed to protect our data?

In order to maintain effective security over our data, password management tools must be consistent in updating their services and fixing bugs. If the password manager you are looking at isn’t actively updating their services frequently then it’s time to move on with your search.

Updates help to keep your data protected by looking for potential gaps in security that hackers and criminals could use to gain access to your accounts. Providers who update their services frequently are more likely to find and fix these holes before hackers have a chance to take advantage of them.

What are other users saying about the service?

Customer reviews are a great way to get feedback from real people who have used the product. You can find reviews on almost every product available for sale, either in-store or online.

Check out the review page of the password keeper you’re considering. What are the other users saying about its efficacy? If there are more negative reviews than positive ones, move on with your search.

It’s important to look at the reviews regarding customer service as well. How were people treated when they had a problem? Look for a service that boasts both product effectiveness and quality customer service.

Related posts

  • 7 questions to ask before purchasing new capital equipment & machinery
  • 7 proven time management tips for busy managers
  • Buying a franchise: Everything you need to know

These companies are more likely to help correct any issues that may occur with your password management tool.

Related Posts

An employee using a business mobile phone
Procurement

Should you invest in business phones over BYOD?

With the number of people around the world permanently working from home expected to double in 2021, it’s more important ...

Published by Editorial team
18th January 2021
Leader video chatting with team via Zoom
Procurement

Looking for Zoom alternatives? Here are some options

During the emergence of COVID-19 pandemic earlier on this year, and the subsequent lockdowns that occurred throughout numerous different countries, ...

Published by Daniel Tannenbaum
9th November 2020
Machine precision cutting an engine component in a factory
Procurement

Precision machining and where is it used

A lot of what we have, we take for granted. Not in the value sense, although that happens as well, ...

Published by Editorial team
29th October 2020
Shield by covid molecules as a symbol for cyber security during the crisis
Cyber security

Cybersecurity in the UK: How to protect businesses during COVID-19

It’s been a challenging year for everyone as the COVID-19 outbreak continues to wreak havoc. Cybercriminals preying on the fears ...

Published by Editorial team
18th October 2020
Graphics depicting the different cyber threats that face businesses
Cyber security

Why small businesses need to take cybersecurity more seriously

Small business owners may think that cybersecurity is an issue that only larger enterprises need to be concerned about. A ...

Published by Editorial team
27th September 2020
A shield symbol protecting a computer network, showing how cyber insurance can protect your business
Business insurance

What is cyber insurance and how does it work?

A cyber security attack can have enormous ramifications for your company. Not only might you be liable to pay compensation ...

Published by Matt Smith
9th August 2020

About

  • Advertise with us
  • Subscribe
  • Privacy policy
  • Terms of use
  • Contact us

Sections

  • Finance
  • Insurance
  • Technology
  • Marketing
  • Human resources
  • Legal
  • eCommerce
  • Leadership
  • Procurement
  • Investing
  • News
  • Start a business
  • Buyer guides

  • Advertise with us
  • Buyer guides
  • Contact us
  • Cookie list
  • Datastorm notice
  • Finance & insurance
  • Home Alpha
  • Join the Entrepreneur Handbook community
  • Notifications error
  • Popular
  • Privacy & cookie policy
  • Products
  • Software & services
  • Start a business
  • Terms and conditions of use
  • Test page: superscript
  • Thanks for subscribing!

Copyright © 2013 - 2021 Entrepreneur Handbook Ltd. All rights reserved. Registered offices at 20-22 Wenlock Road, London, N1 7GU, United Kingdom.

  • Finance
  • Insurance
  • Technology
  • Marketing
  • Human resources
  • Legal
  • eCommerce
  • Leadership
  • Procurement
  • Investing
  • Start a business
  • Buyer guides
  • Subscribe
  • Advertise with us
  • Privacy policy
  • Terms of use
  • Contact us

Copyright © 2013 - 2021 Entrepreneur Handbook Ltd. All rights reserved. Registered offices at 20-22 Wenlock Road, London, N1 7GU, United Kingdom.