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What is a password manager?

A password manager generates, encrypts, stores, and manages login credentials and other sensitive information. Password managers can be installed locally, accessed from a web browser, or accessed solely from a dedicated piece of hardware.

Password management software reduces the likelihood of lost passwords falling into the wrong hands. They also aid in generating secure, complex passwords that colleagues will actually use, eliminating the chance that a simple, easy-to-guess password is used.

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Why are password managers important?

Password managers are indispensable. Not only do they store and generate secure passwords for every employee, but they also send alerts if a user’s credentials have been compromised in a third-party data breach. These breach alerts will prompt users to generate a new, equally secure password, keeping workplaces secure in a way that a hundred “password best practice” videos never could.

Password encryption is another function password management software provides. Only authenticated and authorized users are able to access the passwords, adding yet another level of security.

Many password managers will also create unique passwords on demand, meaning that passwords for incredibly sensitive databases can remain effectively uncrackable without the proper password manager parameters.

Explore Best Password Management Software & Tools on eSecurity Planet.

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