A password manager is software that helps a user to manage passwords and important information so that it can be accessed any time and anywhere. An excellent password manager helps to store information securely without compromising safety. All the passwords are saved using some kind of encryption so that they become difficult for others to exploit.
Why you should use it?
If you find it hard to remember passwords for every website and don‟t want to go through the
„Forgot password?‟ routine off and on, then a password manager is what you are looking for. These are designed to store all kinds of critical login information related to different websites.
How does it work?
Password managers may be stored online or locally. Online password managers store information in an online cloud, which can be accessed any time from anywhere. Local password managers store information on the local server, which makes them less accessible. Both have their own advantages, and the manager you use would depend on your need.
Online password managers use browser extensions that keep data in a local profile, syncing with a cloud server. Some other password managers use removable media to save the password so that you can carry it with you and don‟t have to worry about online issues. Both these options can also be combined and used as two-factor authentication so that data is even more secure.
The passwords are saved using different encryptions based on the services that the companies provide. The best password managers use a 256-bit (or more) encryption protocol for better security, which has been accepted by the US National Security Agency for top secret information handling. If you have considered using a password manager and haven‟t decided on one, this section features the top five.