What does a Password Management System accomplish?

A Password Management System is designed to help organize, store, and manage passwords effectively within an organization. By managing passwords across the organization, it ensures that passwords are unique, strong, and comply with the organization's security policies. This centralization of password management enhances security measures by minimizing risks associated with poor password practices.

Managing passwords also includes functionalities such as facilitating collaborative use of passwords while maintaining security, monitoring password strength, and enforcing periodic changes. As organizations increasingly face cyber threats, a Password Management System becomes essential for maintaining secure access and protecting sensitive data.

While some functionalities like sharing passwords, generating passwords, and securing storage are aspects of password management tools, they are not the primary overarching goal. Instead, the goal of managing passwords across the organization encompasses a broader range of capabilities that contribute to stronger identity and access management practices. This comprehensive management is crucial in reducing the risks associated with password vulnerabilities in an organization.