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Password manager – what is it and what are the benefits?

Do you use a couple of passwords in different variations? Maybe with “123” at the end? If yes, stop everything you’ve done up until now and get a password manager.

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On average, we have up to 150 different accounts for which we have to remember the passwords. At the same time, we know that 80% of all hacking-related breaches are related to passwords. The challenge is that we are generally not good enough at creating good, strong passwords – that we also manage to remember.

Also read: Password tips: How to create a strong password

If your password is stolen, the thief has both an email address, username and/or a password they can try on other websites. If you have the same login details used on several pages then it goes without saying what can happen.

Even large companies such as Facebook and Linkedin experience major data breaches regularly. Fortunately, there is advice: Password Manager.

What is a password manager?

A password manager is a bank where you store all the passwords you use all over the internet. The passwords are encrypted, and you gain access to them through one master password. The master password is the only thing you need to remember – after all, it’s the key to your entire bank of passwords, so it needs to be both strong and unique.

Also read: Password security tips from our experts

What are the benefits of a password manager?

First and foremost, the password manager makes life much easier for you. You simply don’t have to remember it yourself. At the same time, you are guaranteed both good and safe passwords that won’t go astray. If you use Password Manager and want to log in to a website, you just enter your main password, and voila, you’re in.

The advantage is that the password manager can create complex and unique passwords for each service/account you log in to. You can also synchronise across all the devices you use so that you can access the services regardless of whether you log in from your mobile, PC or tablet. The risk of being tricked also decreases. If you have received a phishing e-mail that links to a fake login page, the username and password will not be filled in.

Interested in learning more about cyber security?

Visit the security page on Visma Trust Centre

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