Why You Should Use a Password Manager in 2024?

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ExpressVPN’s Report of 2022 found that the average adult spends 5 hours and 7 minutes a year resetting passwords.

This adds up to 6 days over an adult lifetime, with the majority of password resets (76%) taking place on a laptop or desktop computer.

It also estimates that people log in and out of their accounts 147 times every month, mostly for the same three accounts. 

This is the biggest reason why i like using password managers. With the prevalence of online accounts and services, it’s become increasingly difficult to remember our passwords.

Why You Should Use a Password Manager? 2024

Furthermore, with cyber-attacks on the rise, it’s more important now than ever to ensure that your data is secure. That’s why password managers are an excellent tool for protecting your data. 

A password manager is a digital vault for storing all your usernames and passwords in an encrypted form.

This means that even if someone were to gain access to your account, they couldn’t easily view or use your information.

Additionally, many password managers offer two-factor authentication as an extra layer of security, so even if someone were to gain access to your account they would still need two pieces of proof (e.g., a code sent via SMS) before they could log in. 

Benefits of Using a Password Manager:

Why You Should Use a Password Manager
credits: pixabay

Using a password manager can help avoid forgotten passwords. When you use the same password for all your accounts, it’s easy to forget them and be locked out of important accounts.

With a password manager, you don’t have to worry about forgotten passwords since it automatically remembers your credentials.

It also helps create secure, unique passwords for each account, so you don’t have to worry about using the same password multiple times.

This increases the overall security of all your accounts and helps protect them from being hacked. In summary, a password manager can be a great tool to help avoid forgotten passwords and keep your accounts secure.

Reusing passwords is one of the most common mistakes people make, and a password manager can help protect you from this.

Having a unique password for each account will provide an extra layer of security as it ensures that your other accounts remain secure even if one account is compromised.

Furthermore, with a password manager, you don’t have to worry about writing down passwords or storing them in plaintext, as the software will securely store them for you.

In addition, most password managers come with an auto-fill feature that can save time and make logging into accounts much more accessible. A password manager is essential for keeping your accounts secure and avoiding forgotten passwords.

Relying on memory alone can be dangerous when it comes to passwords. It’s easy to forget a password, especially if you have multiple accounts with different usernames and passwords.

A password manager eliminates this problem by securely storing all your credentials in one place. This makes it easier to access your accounts without having to worry about forgotten passwords.

In addition, many password managers come with features such as automatic password changes, which can help keep your accounts even more secure.

Using a password manager is essential for keeping your accounts safe and avoiding forgotten passwords.

It ensures that all your passwords are unique and securely stored, making it much easier to log into your accounts without worrying about forgotten passwords.

In addition, password managers come with features such as automatic password changes, which can help keep your accounts even more secure. A password manager is essential for keeping your accounts safe and avoiding forgotten passwords.

Major Reasons To Choose A Password Manager:

Generate random passwords: 

Why You Should Use a Password Manager-Generate Passwords
credits: pixabay

Password managers are able to create random passwords for each account.

Because password-cracking algorithms are intended to guess the most frequent passwords first, totally random passwords will always be more secure than ones you generate spontaneously.

Use the same password manager across multiple devices:

Numerous password managers provide access to multiple devices. As we use our mobile devices more often (and as more websites offer mobile-optimized experiences), this becomes increasingly vital.

Numerous password managers also give support for app passwords.

Store more than just passwords:

Additional information that may be saved safely in your password safe includes the answers to security questions, shopping profiles, memberships, and medical prescriptions, among others.

Share passwords securely:

Share Passwords Securely
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You may exchange passwords for shared accounts with family members and coworkers.

It is not suggested that you share your personal passwords, but a password manager allows you to limit who has access to passwords for shared accounts.

Use the convenient autofill feature:

When you have a password safe, you may still utilize form autofill. Instead of allowing your web browser to retain your form information, entrust your password manager with the task.

Easily change your passwords: 

Password managers simplify the process of altering or resetting passwords.

If a website where you have an account has been compromised, you may remain safe by generating a new password using an integrated password generator.

Some password managers allow you to reset your passwords with a single click. For best protection, you may also change your passwords frequently.

Simple access to multiple accounts: 

Logging onto accounts is simple. Once you’ve signed up for a password manager, you can install a browser extension that automatically fills in your login information while securely saving it.

Should You Use A Free Or Paid Password Manager?

Cyber Security
credits: pixabay

When it comes to store your passwords securely, there is no doubt that using a password manager service is the way to go. But should you use a free or paid version? It’s important to consider each option’s pros and cons before deciding.

One of the main advantages of using a free password manager service is its cost: it’s free.

These services usually do not require a monthly subscription fee like paid services, so if you are on a tight budget, this may be the best option for you.

Additionally, many of these services offer basic features such as password storage and sharing so that they may be suitable enough for your needs. 

However, there are some drawbacks to using a free service. Free services may not have the same level of security as paid services and may be more vulnerable to data breaches.

Furthermore, free services may offer only some needed features, such as two-factor authentication or cloud synchronization across multiple devices.

On the other hand, paid password manager services offer more features and better security than free services.

They typically come with more robust encryption methods, two-factor authentication, cloud synchronization across multiple devices, and other advanced features.

However, these services also require a monthly subscription fee and can be quite expensive, depending on your chosen service.

Whether to use a free or paid password manager service depends on your needs and budget. I never recommend using free services as a password manager is all about security. If it’s not secure, then what is the point?

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Conclusion: Why You Should Use a Password Manager? 2024

Using a password manager is essential to ensure that your data is safe from potential cyber-attacks or identity theft attempts.

They offer extra layers of security by encrypting stored passwords and make it easier to manage multiple accounts by storing usernames and passwords in one convenient location. 

Many modern password managers also feature auto-fill capabilities, which help streamline logging into various websites and services across the web.

If you still need to use a password manager, now is the time to start! It may save you from becoming another victim of identity theft or malicious online activity!

 

Diksha

A graduate of the IIMC, Diksha enjoys testing out new tech products and services. Her goal is to help others make more informed purchases of tech products and services. In her spare time, she enjoys traveling, watching movies, and listening to music. An ardent reader loves to be surrounded by technology. You can follow her on LinkedIn and Instagram

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