Without third-party software, your business wouldn’t survive. But managing login credentials across multiple employees is a logistical nightmare, a heavy burden on IT resources, and even a threat to the safety of your sensitive data.
Your password is putting you at risk
There have been so many data breaches in the last few years and the trend is still tilting upwards. By October of 2021, the total number of breaches already exceeded the yearly total in 2020, and 2022 is likely to be another devastating year of cyberattacks.
To contend with this rising threat, businesses must move away from the classical username and passwords model and towards the more secure Single Sign-On (SSO) model.
SSO is an authentication model enabling users to securely log into multiple applications from just a single set of primary credentials.
Why all SMBs should implement SSO
SSO technology presents a convenient solution to many of the security and operational pain points of credential management.
- Greater security – SSO significantly reduces the cyberattack options available for cybercriminals. Instead of having multiple login portals to choose from, only one is available and it’s guarded by one of the most difficult security controls to bypass – Multi-Factor Authentication.
- Improved compliance – SSO could serve as proof of an initiative put in place to protect user data, a requirement of many popular cybersecurity regulations including Sarbanes-Oxley (SOX) and the GDPR.
- Improved usability and employee productivity – SSO eradicates the multiple daily interruptions caused by having to log into each individual application, a frustration that often leads to the insecure practice of password recycling.
- Reduced IT costs – With SSO, the password reset requests that often overwhelm IT departments are removed, giving IT personnel more bandwidth for higher-value projects.
Axient helps Australian businesses leverage these operational, security, and cost benefits by offering SSO technology powered by LastPass, the leader in Single Sign-On protection.