Pros and Cons of Prohibiting Usage of External Password Managers in an Organization - Your Opinions?

Hello cybersecurity experts,

I am currently reviewing our organization's cybersecurity policy, specifically our approach to password management. Currently, we provide a company-supplied password manager which employees are encouraged to use for enhanced security. However, we are aware that some employees also use external password management tools for personal or professional purposes.

We are contemplating whether it would be beneficial to implement a policy that forbids storing organization credentials in a password manager not supplied by the organization. This would essentially …

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