There are many reasons why one would want to use a password manager. With cyber crime at an all time high and security breaches happening often to website after website – it is important to keep your passwords safe and out of the hands of those who can use them maliciously.
The Real Reason You Should Use A Password Manager
The common internet user has over 100 passwords to remember. Seems crazy right? It is, but it can be scary too! A password manager is like an online vault – a vault that allows you to store all of your passwords in one place and use a master password to gain access to them.
While your passwords and secure information is stored in the password manager, each password is also encrypted using the latest encryption technology. This makes it absolutely impossible for anyone, other than you, to see and use your passwords.
Mix It Up
Reusing passwords is never a good thing. Why? Well, lets say that you use the same password for your online banking, Facebook and email. Now lets say that a hacker is able to gain access to your email password. Now that hacker is able to try that password on your Facebook (and it works), now they have access to that account. Next, the hacker searches your email for your banking website. They navigate to the banking website and try the same password – it works. Now they have gained access and control to all three accounts in a matter of minutes.
You don’t ever want that to happen.
Your Browser’s List Of Saved Passwords Is Not That Safe & Secure
Most browsers do offer the ability for the user to save login information for each and every website they visit. The problem, while it is surely a convenience to have your passwords saved and auto-populate when you need to enter those credentials – they are not that safe.
Those passwords stored by the web browser can easily be seen when visiting the ‘settings’ portion of the browser. This makes them accessible by hackers and other people who have access to the same device as you.
With a password manager, these passwords are stored on a secure, encrypted server – not on your local device. While you can most certainly access them on your device – they are never stored there, in an effort to provide ultimate protection.