Protection against IT security threats has always been an arms race, and now IT management platform company ManageEngine (a division of Zoho ) has added a new defensive weapon. The company has launched a password management solution to help protect customers from being victims of cyber crimes. Here’s the rundown.

ManageEngine launched a beta of the company’s password management software Password Manager Pro to offer MSPs a way to centrally manage the privileged passwords of their customers through an automated, policy-driven approach. The solution provides MSPs with the ability to manage separate customer accounts from a single management console. Passwords can be exchanged between MSP administrators and their customers.

MSPs can leverage the following features with ManageEngine Password Manager Pro:

“Identity theft often lies at the root of modern-day cyber-attacks,” said ManageEngine Director of Product Management Rajesh Ganesan. “Cyber-criminals are increasingly targeting login credentials of employees and administrator passwords to gain access to IT resources through various techniques. Since MSPs manage the IT infrastructure for many clients, the risk level is very high, and they are looking for a secure and reliable solution for privileged password management.”

The ManageEngine Password Manager Pro MSP Edition (Beta) is available immediately and can be downloaded from the company’s website. The production version will soon be generally available along with pricing details.