When it comes to the security of your data, the importance of keeping your passwords safe is critical. Over 80% of hacking-related breaches are due to compromised passwords. Unfortunately, poor password habits are widespread. On average, a single password is used to access five different accounts; overall, 71% of accounts utilize duplicate passwords.
Users must improve their password habits, and the first step is to utilize strong, unique passwords for each login. Effective password practices can make it difficult to remember all your passwords with the sheer number of logins required today. That is where password managers come in.
What is a Password Manager?
A password manager is an application that stores and manages login credentials. There are several different types of password managers, each offering its own pros and cons. Additionally, users can take advantage of extra benefits like strong autogenerated passwords or helpful security tips and suggestions depending on the password manager chosen.
Types of Password Managers:
A web browser password manager is typically built into your browser and allows users to access login information from any device with the browser.
A local password manager is one of the oldest and most popular options. These applications encrypt and store passwords directly on a user’s machine.
A cloud-based password manager lives in the cloud and can be accessed from any device, regardless of network or location.
How to choose a Password Manager:
The most significant consideration one should have when deciding on a password manager is security. No matter the type of program you use should be a strong advocate for additional protection.
Other Considerations include:
Resources:
https://dataprot.net/statistics/password-statistics/
https://www.techadvisor.com/article/745824/is-it-safe-to-store-passwords-in-your-web-browser.html
https://www.passwordmanager.com/what-is-a-password-manager/
https://www.techtarget.com/searchsecurity/definition/single-sign-on