Password Management for Businesses: 1Password

September 23, 2024

| Security

Password management is more important than ever with over 80% of small business data breaches occurring as a result of poor or reused passwords. A password manager, also known as a credential manager, is a secure vault where employees can securely store and generate unique passwords for all their accounts.

We all know how cumbersome it is to keep track of many hundreds of account usernames and passwords. This problem often results in professionals re-using the same password for all their services; if the "common" password gets compromised, then all accounts are compromised. At Nucleus, we've partnered with 1Password to provide Canadian businesses with secure password management. Key features include:

Unlimited shared vaults
Unlimited passwords
Password generator
Data stored in Canada
Two-factor authentication
Business-wide insights dashboard for security monitoring
Alerts for compromised websites and vulnerable passwords
Works on all popular devices and browsers
- Apps for Mac, Windows, Linux, iOS, Android, and Web
- (Chrome, Safari, Edge, Firefox, Brave)

Benefits

Better password security
Identify duplicate or breached accounts
Share one-time passcodes
Securely share passwords with colleagues
Audit your password sharing
Boost productivity

Security Foundation

SOC2 compliance
Advanced AES-256 encryption
Secret Key: Consists of 34 mixed characters
Dual-key encryption
Secure Remote Password
Vault encryption
URL encryption
Item and vault title encryption

1Password

What sets 1Password apart from other Password Managers?

1Password requires a combination of your account password and a Secret Key. Your Secret Key will protect your passwords due to its security design:

It’s created on your device
It does not pass through 1Password servers
It’s included in your account password when deriving the keys needed to decrypt your data
All data is encrypted, not just your passwords
It’s high-entropy (34 characters, 128-bits)
1Password Watchtower: Automatic alerting if your password is found on the dark web

Common Password Management Risks