{"id":25182,"date":"2024-12-10T15:28:38","date_gmt":"2024-12-10T20:28:38","guid":{"rendered":"https:\/\/www.sherweb.com\/blog\/?p=25182"},"modified":"2025-04-17T14:40:08","modified_gmt":"2025-04-17T18:40:08","slug":"reselling-password-managers","status":"publish","type":"post","link":"https:\/\/www.sherweb.com\/blog\/security\/reselling-password-managers\/","title":{"rendered":"How to make reselling password managers to MSP clients easy"},"content":{"rendered":"

According to Norton, cyberhackers exposed over <\/span>24 billion passwords<\/span><\/a> in 2022. Many MSP clients don’t know that password managers exist and store their passwords within the autosave feature of their browsers, a spreadsheet, or a physical password log, leaving them vulnerable to exposure and breaches. Especially for small businesses without large teams, cybersecurity may not be a primary focus. <\/span><\/p>\n

MSPs have an opportunity to educate their clients about the importance of keeping their data secure. Reselling password managers is an easy entry to the cybersecurity conversation. <\/span>Even in small, bootstrapped organizations with only a few team members, using a secure password manager can positively impact the overall security of the business\u2019 systems and sensitive information.<\/span> And MSPs must lead the charge in adopting best practices in their own business.<\/span><\/p>\n

Why password managers are essential for MSP businesses<\/span>\u00a0<\/span><\/h2>\n

An MSP may need a password manager<\/a> for several reasons, including type of clients serviced, volume of clients and compliance and auditing. <\/span>\u00a0<\/span><\/p>\n

Password managers allow for scalability\u00a0<\/span>\u00a0<\/span><\/h3>\n

MSPs handle lots of client credentials, especially for clients with extensive tech stacks spread across multiple sites. Password managers centralize management of these passwords securely.\u00a0<\/span>\u00a0<\/span>As MSPs take on more clients, it’s impractical and a cybersecurity risk to manage passwords manually. A password manager scales with the business.<\/span>\u00a0<\/span><\/p>\n

Enhanced security\u00a0<\/span>\u00a0<\/span><\/h3>\n

MSPs are attractive targets for hackers due to their access to multiple client systems. Using a password manager ensures that passwords are complaint with best practices, such as creating complex passwords and avoiding accidental or intentional reuse. This lowers an MSP’s risk of data breaches.<\/span>\u00a0<\/span><\/p>\n

Compliance and auditing<\/span>\u00a0<\/span><\/h3>\n

Many industries have strict compliance requirements (e.g., CCPA, HIPAA, GDPR). Password managers help MSPs meet these compliance standards with features like role-based access controls and pre-emptive account blocks when the system detects suspicious activity.\u00a0<\/span> They’re an important factor in strengthening an organization’s password policies<\/a>.<\/span><\/p>\n

Efficient password sharing<\/span>\u00a0<\/span><\/h3>\n

Password managers allow secure sharing of passwords among team members. This is crucial for MSPs who need to collaborate on client projects without compromising security. This can also be useful for testing and error replication if an MSP provides white-labeled helpdesk support in a client\u2019s organization.<\/span>\u00a0<\/span><\/p>\n

Integration with existing tools<\/span>\u00a0<\/span><\/h3>\n

Password managers can integrate with other tools used by MSPs, such as remote monitoring and management (RMM) platforms and single sign-on (SSO) solutions. This makes it easy to maintain rigorous compliance standards across tools.<\/span>\u00a0<\/span><\/p>\n

Automated password updates\u00a0<\/span>\u00a0<\/span><\/h3>\n

MSPs need their employees to stick to rigorous security standards. Password managers mitigate the risk posed by having the same password for long periods of time. Password managers force<\/span> password changes or issue reminders to team members about the safety of their passwords.<\/span> Changing passwords regularly minimizes the impact of a breach if one occurs.<\/span><\/p>\n

Client trust and satisfaction\u00a0<\/span>\u00a0<\/span><\/h3>\n

Clients need to trust that their MSP will keep their data safe. Using a password manager provides a level of calm to clients and reinforces the importance of robust cybersecurity standards. Clients can feel confident that the MSP can protect their sensitive data.\u00a0<\/span>\u00a0<\/span><\/p>\n

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