Dive Brief:

• Password manager Dashlane launched a new tool designed to provide organizations with a simple platform to manage passwords.

• The cross-enterprise password management solution, called Dashlane Business, allows users to securely manage passwords, credit cards, IDs and other important information via encryption and local storage.

• Dashlane Business includes a master password, known only by the user, as well as local encryption that secures all critical data, the company said.

Dive Insight:

Several recent studies have highlighted the importance of password security, especially among employees, to protect the enterprise from data loss. 

A recent Gigya study found that only 16% of respondents follow password best practices by creating a unique password for each online account, 6% use the same password for all accounts and 63% use seven or fewer passwords across all their online accounts. Verizon’s annual Data Breach Digest, release in April, found that 80% of data breaches involve exploitation of stolen, weak, default or easily guessable passwords.

With high-profile examples of poor password use across platforms, many organizations will likely look for an alternative tool. 

Dashlane Business is intended to give IT professionals comprehensive, real-time control over an organization's password health and provides IT managers with access control and password management capabilities, the company said.

The console also allows admins to easily identify potential areas of weakness.