We have always had a robust and effective data protection program in place which complies with existing law and abides by the data protection principles. However, we recognize our obligations in updating and expanding our RoboForm Online / RoboForm for Business portals…
Separation of privileges and non-repudiation for the banking industry through the lens of password management
In order to provide non-repudiation, enforcing the separation of privileges is paramount. A component of privilege separation is the requirement to NOT SHARE PASSWORDS among ANY of the system users including between end users and administrators.
Password management can be a struggle for companies, and the IT industry is no exception. RoboForm for Business helps IT professionals tackle every day challenges ranging from locating the correct passwords to secure sharing.
Daily practices such as using weak passwords can severely affect the security of an entire system, and healthcare workers, faced with a fast-paced environment, are unable to cope with time consuming password resets or steep learning curves for newly implemented systems.
Admins can create an unlimited number of custom defined sharing groups with unique permission levels for each user. Logins can then be deployed without ever revealing their associated passwords, while users maintain the ability to quickly and efficiently log in to sites with a single click.
According to a 2016 national survey conducted by the Pew Research Center “84% of online adults rely primarily on memorization or pen and paper as their main (or only) approach to password management. In addition, 25% admit to using simple and less secure passwords to assist with memorization.”