Commonly used password storage techniques, such as spreadsheets, are notoriously insecure and have been linked to major breaches. Passwords often aren’t encrypted, and even if they are there is no option for two-factor authentication. Additionally, there’s no control over who sees which password. By securely consolidating spreadsheets and personal password managers you greatly increase your organization’s security and efficiency.
See why using Excel to store passwords puts your entire organization at risk.