Eliminate password resets and save money
By using encrypted passwords, employees can no longer forget them. This saves companies money on password resets costs — US$70 per reset according to Forrester — and password training costs.
With 56% of people forgetting passwords at least once a month according to Statista, that represents significant savings. For example, a 1,000-people company can save 1,000 x 56% x US$70 = US$ 39,300 per month on password resets alone.
Using encrypted passwords also increases employee productivity since they don’t need to wait for forgotten passwords to be reset.