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I applaud your IT leadership/CIO for being willing to do this.
Most companies are far too passive and think “aIt won’t happen to us”.
I’ve seen companies scammed of $1mil in a single transaction because they sent credentials in email, to a scammer.
Had they used a credential management system this wouldn’t have happened.
Every layer of security helps.
Yeah, maybe they should encrypt it a third time. You never know.