1 – Excel is Easy to Share
Of course, an Excel spreadsheet is so easy to share with all your colleagues! Simply send an email to your whole team with your Excel document attached to it, hit send, and voila! Your passwords have been shared with all your colleagues…and likely others as well. By the way, you did know that anyone or any program that can access internal storage can probably also read your emails and your file attachments right? Rifling through your email is one of the most common things that malware does! Remember that email was not designed with any privacy or security in mind.
Think about it, most password management software features easy data sharing between multiple users. Such software operates efficiently and securely in a multi-user environment…not by sending your information through email, but by keeping your information on a secure server with restricted access.
2 – Cross Platform access
Because the Excel app can be easily installed on phones and tablets, and Excel documents can be open on PCs and Mac, the Excel spreadsheet is perfect for cross platform access, right? I just feel like having a Homer Simpson moment right now, slapping my forehead, and saying…DOH!
It’s vital to understand what we’re actually doing when opening an Excel document on a different platform. If we update the document on our PC, it won’t automatically update on our Mac, this isn’t the picture-perfect definition of true cross-platform access! Having access to the same software on different platforms, on the other hand, and having the most up-to-date information at the same time on your Mac or PC or Linux…well now that is true cross-platform access!
3 – Secure software
Of course Excel is secure! All you need to protect your precious file is a strong password, right folks? It’s perfect. You just have to remember that one little password and you’ll have access to your Excel spreadsheet and to all your important information. Now, you do know how easy it is to find Excel-cracking programs that use dictionary attacks to work out your hard-to-guess password in just a few hours, right? Oh yeah, you’re safe from hackers … NOT!
To counter potential hackers, how about using a program that is built to be secure and to protect your valuable information by using a strong AES-256 encryption. No hackers will get through that kind of encryption. Plus, most popular password manager software uses 2-Factor authentication to add an extra layer of security. Now, that is some top-notch security!
4 – Made by a big company we trust
Excel is the product of a huge company we love and trust — Microsoft! As we all know, Microsoft has proven its power time and again, and its reputation is undeniable. It is best known for its line of Windows operating systems, Microsoft Office Suite, and Internet Explorer. It’s the world’s largest software manufacturer and one of the world’s most valuable companies. Naturally, you should blindly trust them with your most important information … NOT!
Of course, we’re not trying to compete with Microsoft; they are the best at what they do. But Microsoft didn’t build Excel with password security in mind. Think about it, would you take your broken Mac to some random computer guy or the Apple Store? Let’s let the professionals do what they do best. The Apple Store can take care of your Mac and passwords should be protected by a sophisticated password manager and not Excel!
5 – Excel is a team oriented solution
An Excel spreadsheet is the perfect team-oriented solution. You could simply use Dropbox and share your spreadsheet across your whole organization. Now you might not have Dropbox or you might not one to share the whole document through your company! You could also just update your Excel spreadsheet and email it to your team. Oh but wait, you forgot to include one of your teammates so you have to resend it! And now some of your colleagues are calling because the password they’re using isn’t working anymore…oh wait they’re using the old Excel spreadsheet and haven’t seen the updated version yet, so let’s send it again…yeah, really, I can see how easy this is to manage!
Most password managers are team-oriented for larger enterprise or small businesses, allowing for full control over your password database and letting you easily manage who can access specific passwords with a single-click of the mouse. They also strictly enforce corporate security policies.
Conclusion
Come on guys, let’s be real here! We were so surprised by how many people still believe that Excel is the best way to keep and manage passwords that we thought it was time for us to bust some myths! Excel is definitely not a password management solution and should never be considered as such. It is a spreadsheet application and it is amazing at what it was built to do. Excel is not designed from the ground up to handle passwords, and it should never be used for password management.
We just want to emphasize that password security should be taken seriously. Some of you might think that it would be too time-consuming to replace your Excel sheet with proper password management software, but a security breach could be a substantially greater loss in both man-hours and money. Taking the time to implement a proper, well-though-out solution will serve your company better in the long run. Should you need any help choosing the right password management software for your organization, please take a look at our blog post, “Most Popular Password Managers Compared”. After all, we are always looking out for our geek society!