Eighty percent of successful data breaches result from compromised login credentials, yet only 36% of adults use a password manager.
Relying on sticky notes, a single password for multiple accounts, or your browser's built-in password saver leaves your business exposed.
The Password Problem
The average employee manages dozens of passwords. Most address this challenge by:
- Reusing the same password across multiple accounts (41% admit to this)
- Using simple, guessable passwords
- Writing passwords on sticky notes or in unprotected files
- Relying on browser password saving
What Password Managers Actually Do
A password manager serves as a secure digital vault. You remember one strong master password, while the manager generates random, complex passwords, stores them with AES-256 encryption, and auto-fills logins.
Why Browser Password Saving Isn't Good Enough
Chrome, Firefox, and Edge can save your passwords, offering convenience but also introducing security risks.
Browsers store encryption keys in predictable, unprotected locations. Cybercriminals have created malware to target and steal passwords from these locations.
Our Approach: Self-Hosted Password Management
Stream Data Systems offers Vaultwarden, a self-hosted password management solution for our clients.
With Vaultwarden, your passwords are stored on infrastructure we manage in Canada, rather than on third-party servers.
The Bottom Line
Password managers can reduce breach risk by 30 to 50 percent. With the average data breach costing $4.88 million, this is significant protection for a simple change.
To get started with secure, self-hosted password management, Stream Data Systems can add your team to our managed Vaultwarden service. Contact us to learn more.