We have to deal with complicated passwords on a daily basis. Either we forget them or we use a common weak password. So what if a computer program could remember all your password and fill them at the website. So in this article let's take a look at Password Managers.
What Are Password Managers?
Password Managers is a specialized software program that is used to store and manage passwords that a user has for various online accounts. Password managers store the passwords in an encrypted format and provide secure access to all the password information with the help of a master password.
There are many types of password managers, differing in the way they encrypt the information, type of storage and the additional features provided. A Password Manager also assists a user in generating strong passwords for online accounts.
Types of Password Managers
1) A locally installed software application
2) Internet-based browser extension
Depending on the type of password manager used and on the functionality offered by its developers, the encrypted database is either stored locally on the user's device or stored remotely through an online file-hosting service.
Advantages of Using a Password Manager
Password managers enable the use of strong and unique passwords for each online account and provide an efficient way to manage all the passwords. The login information is encrypted and stored in either the local memory of the user’s system or in cloud storage. Portable password manager applications installed in mobile devices can also be used as a way to manage and remember passwords anywhere and use them on shared systems.
Password managers usually incorporate some additional features like automatic form filling and password generation. The automatic form filling feature fills in the login information for a particular URL whenever it loads, and thus reduces manual errors and protects systems from hacker attacks such as keylogging. As password managers can identify the right URL for a particular login ID and password pair automatically, they are capable of protecting credentials from phishing sites. The automatic password generation feature available in certain password managers helps to create strong, unique and random passwords for each account.
Password Managers can be accessed on multiple devices to provide you with the convenience of auto form filling even on mobile devices.
Are Password Managers Secure?
Since some password managers are heavily encrypted, it can be a smarter alternative to store your passwords in a password manager than it is to store them in a file on your computer. In the event of a malware attack, the documents on your computer could be encrypted or stolen.
Despite attacks on password managers in recent years, the security benefits of storing your passwords in an encrypted environment can outweigh some of the risks of keeping passwords on your computer or written down in a notebook.
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