Most people use a Password Manager to save their account passwords. A password manager is an app or device which serves as a single collection point for all of a user’s account credentials. LastPass and Dashlane are two well-known password managers in the market. The usage of a password manager presents a security risk in case of a data breach. In fact, as per the Independent, the password manager LastPass was hacked and a data breach did occur, compromising user credentials.
Your password – your secret passphrase or PIN that you use for your email, social media profile, or applications at work – is necessary for you to gain access to your accounts. But more importantly, your password plays a critical role in ensuring that no one else has access to your accounts, ensuring the security and privacy of your own as well as your organization’s data and applications.