Modern IT and other companies are very dependent on servers, databases, network devices, security infrastructure, and other software applications for their daily operations. This infrastructure is accessed and controlled through an administrative password. Usually, the application is used in a shared environment by a group of administrators.
The number of administrative passwords continues to grow because more and more servers, devices, and applications are added to the company. The administrator ends virtually struggling with a stack of passwords and faces problems with password storage, password management and sharing passwords. Spreadsheets, flat files and even printing contains passwords circulated among administrators.
One of the effective ways to securely manage administrative passwords is to save the passwords in central, secure storage and automate Password Management tasks. Deploying 'Password Management Application' or in simple words, the 'password manager' can help organizations in controlling access to administrative passwords and in taking total control of the shared administrative passwords.
This administrative password, also known as the 'Joint Administrative Password' provides unlimited access to infrastructure as far as users can do anything. This practice brings IT accountability problems because super-role-based users and actions cannot be traced back to certain users.
Governmental and industry regulations prescribe severe security measures for protecting passwords and require comprehensive audit records on each and every action on the passwords.