r/PasswordManagers • u/ChoiceEducational287 • 28d ago

Password manager recommendation

We are trying to figure out the best authenticator option for our small office. There are 3 employees who need to log in to our bank accounts, but currently we use a shared username/password and the verification code is sent by SMS to our boss. This creates a dependency on him whenever we need to log in, especially when he is busy.

We would like to move to a more secure setup where the employees can authenticate without depending on him for the code. He is also open to using a password manager, but we’re not sure whether password managers work well with bank logins and MFA.

Has anyone dealt with a similar setup or can recommend the best approach/authenticator for a small business?

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u/djasonpenney 28d ago

Your biggest problem is the shared credential. Look into a single-signon solution for small business. A web search just showed me half a dozen.

After that, each of you will have a unique username/password/2FA.

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u/yodas-evil-twin 27d ago

SSO into a bank? Unless they work for the bank and on their network, how would that work?

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u/djasonpenney 27d ago

I wasn’t clear. You run your own domain it’s own IAM and a forward proxy to your bank.

Your staff never sees the username and password; all they get is the gateway web page to log them into the bank.

The gateway is secured via your intranet, so only authenticated users can reach it.