Password management tools are software programs that help you create, store, and manage your passwords while providing security and safety mechanisms to ensure there’s no password breach.

Research points out that more 80% of data breaches happen due to password hacking, meaning that poor password hygiene is responsible for a majority of cybercrimes that follow data breaches. To make better sense of this statistic, let’s first look at what constitutes poor password hygiene.

Formulating strong IT policies and laying down the best practices for your staff to follow is one of the best ways to prevent your business from becoming a victim of cybercrime. In this blog, we explore the various areas your IT policy should ideally cover.