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Best Business Password Managers: 2020 Edition

Password Managers

When it comes to protecting your business’s passwords, you want the best business password manager that’s secure, reliable, and backed by a great company with a flair for customer service and a reputation for excellence. There are hundreds of password managers to choose from in the endless digital playground of the internet, so we’ve taken some of the best of this year and brought them all together for your consideration. 

We’ll cover each manager’s pros and cons, pricing, and why using a password manager for your business is so critical to maintaining your security. If you’re dealing with sensitive customer data, there’s absolutely no reason not to use a password manager to add that extra safeguard! 

Here are the best business password managers of 2020. 

1) Keeper

This lightweight and secure business password manager addresses the complex issue of password security with two simple facts: 81% of data breaches are due to poor password security and around $7 million dollars is the average cost of a typical data breach. Staggering, isn’t it?

Keeper will help you create passwords for all of your online accounts, effectively securing them against threats with complex and randomized passwords.  Each employee will get access to their own private encrypted vault for storing and managing passwords. You won’t have to worry about sharing passwords or files containing passwords any longer. 

With HIPAA, DPA, GDPR, and FINRA compliance, your business will be following the guidelines that keep you in the game and keep both yours and your customers’ data safe. 

Keeper is one of the most affordable business password managers, at just $2.50 per month or $30 billed annually. You’ll never have to worry about losing track of your passwords or creating weak passwords again when you leave your security to Keeper. 

2) LastPass

Password sharing within your business should be easy and secure, and LastPass is a tool that aims to make that a reality. With an easy to use interface, simple controls, and powerful security features, LastPass is one of the most widely-used password managers for both business and personal passwords. 

You’ll be able to easily share passwords without putting your business’s corporate data at risk, and with streamlined logins, accessing your online accounts is as easy as pressing a button. Since your passwords are stored on the cloud, they can be accessed from anywhere by authorized users. 

LastPass has three tiers of service: MFA, Teams, Enterprise, and Identity. These cost $3, $4, $6, and $8 per user per month, respectively. You can also try out LastPass free for 14 days if you’re interested. 

3) NordPass

NordPass aims to keep password management simple. With the software, you’ll be able to save passwords, auto-fill website credentials, save card and bank information, sync across all of your devices, and more! 

While NordPass is built for personal use, it’s the perfect tool for small businesses that are just getting started and need to secure their credentials. NordPass can also help you generate more unique (and therefore, more secure) passwords, so you can ditch your old password habits for good and take back control of your company’s cybersecurity. 

NordPass offers two tiers of service: Free and Premium. With Free, you won’t pay anything, but you’ll get limited features. The premium plan starts from just $1.99 per month and offers a whole host of features you and your business partners will love. 

4) Dashlane

One of the best all-around password managers available today is Dashlane. Dashlane offers some excellent features, such as two-factor authentication, dark web monitoring (threats from the dark web are often undetectable without specific monitoring), its own VPN, secure password storage, and an easy to use interface. 

 You can also use Dashlane to connect to all of your online accounts, and with a single click, all of your passwords will be changed. This makes updating old passwords easy and secure, and all of your login credentials will be automatically saved. 

Dashlane offers a free trial for its business plans, which start at $4 per user per month. 

5) Remembear

If you’re new to password management and want a simple but effective tool, Remembear is it. You can sync passwords, credit cards, notes, and much more across all of your devices for an easy password management system. Remembear also auto-fills login credentials, so you don’t have to go digging for your old username and password. 

Remembear also features a secure backup device key, so if you should go offline, all of your passwords, credentials, and other information will be stored safely. This is an excellent tool for both personal and small business use. 

Remembear offers two tiers of service: Free and Premium. The free version doesn’t include sync or backup, so you might want to go with the premium version for this tool. Plans start at just $3 per month. 

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