Storing passwords in your browsers, built-in storage, and autofill engine is often the most common practice, but it is fraught with security risks. Today, given that so much of our personal and professional workflows involve an account-based SaaS application, password managers have emerged as a productivity staple. It prevents unauthorized entities from getting hold of the passwords either through application vulnerabilities or social engineering.It ensures that passwords aren’t lost or forgotten, reducing user frustration, loss of productivity, or even financial loss.Ī password manager has two core purposes: It recommends password best practices to minimize the risk of the user forgetting the password as well as the risk of the password becoming exposed to entities with malicious intent. Key Must-Have Features for Password ManagersĪ password manager is defined as a software application that securely stores user credentials in a cloud-based or on-premise vault, helping users stay safe online by following password creation and management best practices.

This article discusses some key features to look for in password management software and the leading platforms to consider in 2022. Learn more.Ī password manager is defined as a software application that securely stores user credentials in a cloud-based or on-premise vault, helping users stay safe online by following password creation and management best practices. If you buy through affiliate links, we may earn commissions, which help support our testing. Disclaimer: Spiceworks editors select and review products independently.

Lastpass for small business