Contributed by: GregC, FreeTaxUSA Security Manager
What is a password manager?
A password manager is a software application that helps you create, store, and manage your passwords for various online accounts. It can generate strong and unique passwords for each site you use and save them in an encrypted vault that only you can access. You only need to remember one master password to unlock your vault and log in to your accounts.
What are the benefits of a password manager?
A password manager can make your online life easier and more secure. Here are some of the benefits of using one:
- You don't have to remember dozens of different passwords for different sites. You can use a single, strong master password. See our article about password safety.
- You don't have to type your passwords every time you log in. You can use a browser extension or a mobile app to autofill your passwords for you.
- You don't have to worry about forgetting or losing your passwords. You can access your vault from any device, as long as you have your master password and an internet connection.
- You can use complex and random passwords or passphrases that are hard to guess or crack and never reuse the same password for multiple sites.
- Some password managers also allow you to safely and securely store other important information such as your passport number, driver’s license number, bank account numbers, PINs, and credit card information.
How to choose a password manager?
There are many password manager options available, and they may differ in features, pricing, and usability. Here are some factors to consider when choosing a password manager:
Security
- You want a password manager from a company with a great track record for security. Do some research.
- You want a password manager that uses strong encryption for your password vault.
- Zero-knowledge means that the password manager provider can’t access your account and read your passwords. That is a very good thing for your security but also means that if you forget or lose your master password the company can’t help you.
- Multi-factor authentication helps to further secure your password manager account. In addition to your master password, you may be required to provide biometric data such as a fingerprint or face scan, or enter a code that is texted or emailed to you.
Compatibility
- You want a password manager that works with your devices, browsers, and operating systems. You also want a password manager that can autofill your passwords for you.
Convenience
- You want a password manager that is easy to use, has a user-friendly interface, and offers customer support.
- You also want a password manager that can sync your passwords across your devices, and backup your vault in case of emergency.
Cost.
- You want a password manager that fits your budget and offers a transparent pricing model.
- You also want a password manager that gives you a free trial or a money-back guarantee, so you can try before you buy.
Conclusion
A password manager is a must-have tool for anyone who uses the internet. It can help you create, store, and manage your passwords for various online accounts, and make your online life easier and more secure. If you’re looking for a password manager, you should compare different options and choose the one that suits your needs and preferences. You can also check out our other online articles on password safety, passkeys, and phishing, to learn more about how to protect your online identity and data.
