![]() There are a number of well-known, stand-alone password managers including Bitwarden, LastPass,1Password, Dashlane, KeePass, and Keeper. For paid services, consumers generally might expect to pay somewhere in the range of about $1 to around $7 per month. Most people should be fine to start out with a free version, and if they want more features, they can look for a paid option, said Rahul Telang, professor of information systems and management at Carnegie Mellon University's Heinz College. Which password manager provider to use, and whether to pay for premium services, depends in part on the user's needs and preferences. Some stand-alone password managers are free, others offer free and premium versions, and some are only available for a fee. Premium features can include the ability to share vault items with multiple people and on multiple devices, dark web monitoring and emergency one-time access to a user's vault. Deciding between free and premium security services ![]() While using a stand-alone password manager requires placing trust in a third party, despite the LastPass hack, password managers generally do a good job of protecting customer data, said Justin Cappos, an associate professor at NYU Tandon School of Engineering, in a recent interview with CNBC. In the case of LastPass, no customer data was accessed during the August 2022 incident, but the company just disclosed last week that source code and technical information were stolen and used to target an employee, obtaining credentials and keys which were used to access and decrypt some information stored within the cloud, including potential access to encrypted and unencrypted customer data - company names, end-user names, billing addresses, email addresses, telephone numbers, and the IP addresses from which customers were accessing the LastPass service - but not unencrypted credit card information, according to a blog post which laid out the potential risks to customers. That's not to say there haven't been security breaches, including at LastPass, one of the world's largest password managers. This type of robust protection helps keep customers' data safe, even in the event of a breach. Stand-alone password managers provide strong encryption for a customer's data, helping to ensure no one else - even the password manager provider - can access this information. "This is a very secure, encrypted storage and all the major players put a lot of effort into making sure customer's vaults are secure," she said. They can also be used to safely store many types of information, including PINs, credit card numbers, CVV codes, photos, driver's license information, medical data and more, said Marina Titova, vice president of consumer product marketing at cybersecurity company Kaspersky. This does require people to hold tight to this master password, but benefits typically outweigh this slight inconvenience, according to security professionals.ĭedicated password managers can also do things such as generate strong passwords and allow users to copy and paste passwords onto a website. Such third-party apps allow users to enter multiple passwords into one central place that's protected with a single master password. ![]() There can be drawbacks, however, including limited security and functionality.įor more robust security and features, security professionals say a dedicated password manager is a better choice. ![]() Most web browsers have some type of password manager, which are convenient and user-friendly. Password managers come in different varieties. ![]() Browser-based options are convenient but limited Here are six things to know about what's becoming a best practice way to protect online identity. They are designed to be used in a way that reduces our efforts to be secure, but still helps us keep our important information secure," said Keri Pearlson, executive director of a cybersecurity research group at MIT Sloan.īut there are some key decisions to make in choosing, and using, a password manager. "Password managers are an important component of how we need to manage our personal security. Notably, recent research from, which reviews technology, products and services, found that Web users without password managers are three times more likely to experience identity theft than those who properly use them. That's where a dedicated password manager can come in handy, helping securely and efficiently keep track of passwords and other sensitive information. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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