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What Is a Password Manager? (And Do I Need One?)

It‘s no secret that cyber threats are on the rise. Recent statistics show that over 80% of data breaches are due to weak or reused passwords. With the average person having over 100 online accounts, trying to manually create and remember unique passwords for everything just isn‘t feasible anymore. This is where a password manager comes in handy.

A password manager is an application that securely stores all your passwords and logs you into websites and apps with just one click. Leading cybersecurity experts recommend using a dedicated password manager as a vital step in protecting your online information.

In this comprehensive guide, we‘ll cover everything you need to know about password managers:

  • What are the different types and platforms?
  • Benefits of using a password manager
  • Safety, security, and potential risks
  • Choosing the best password manager for your needs
  • Step-by-step setup and usage instructions
  • Expert tips on password security best practices

Let‘s get started!

What Exactly is a Password Manager?

A password manager is a software program that generates, organizes, and stores all your passwords in one place. It creates strong, unique passwords for each of your online accounts and logs you in with one click or tap.

You access your password manager using a single master password or other authentication methods like biometrics or security keys. Once unlocked, you have access to all your passwords which are securely encrypted.

Top benefits of using a password manager:

  • Store unlimited passwords securely encrypted
  • Log in to sites quickly with one click
  • Generate strong random passwords for you
  • Avoid password reuse across accounts
  • Sync passwords seamlessly across devices

Password managers boost convenience while significantly enhancing your online security.

Types of Password Managers

There are a few different types of password managers available:

  • Cloud-based: Stores your passwords on remote encrypted servers for easy access across devices. Examples: LastPass, Dashlane, 1Password.
  • Local storage: Stores passwords only on your device‘s hard drive without cloud syncing. Examples: KeePass, RoboForm desktop app.
  • Browser-based: Manager is built into a web browser extension. Examples: Google Smart Lock, Safari iCloud Keychain.
  • Mobile apps: Manage passwords from your smartphone or tablet. Examples: 1Password, LastPass, Keepassium.
  • Enterprise solutions: For businesses to securely share passwords with employees. Examples: Keeper, Thycotic Secret Server.

I recommend choosing a cloud-based manager for seamless access across all your devices. The encrypted cloud storage adds an extra layer of security over saving passwords locally.

Key Benefits of Using a Password Manager

Here are some of the top reasons why cybersecurity experts universally recommend using a dedicated password manager:

Secure encrypted storage

Password managers use military-grade 256-bit AES encryption to securely store your login credentials. Some services offer additional protection via cryptographic key splitting. This means hackers can‘t obtain your passwords even if they manage to breach the database storage.

Log in seamlessly

Once you install the browser extension, password managers can automatically log you into sites with one click. No more fiddling to copy-paste different passwords!

Generate strong unique passwords

Most password managers have built-in password generators that create long, random character strings for each site. This ensures every account has a complex unique password that would take hackers billions of years to crack.

Avoid password reuse

Reusing passwords across accounts is dangerous – if one site gets hacked, attackers gain access to all your accounts with the same password. Password managers completely eliminate this risk by generating and storing a different complex password for every account.

Sync across all devices

Cloud-based password managers let you seamlessly access your vault from desktops, laptops, tablets, and mobile phones. This means you can log into accounts from anywhere without having to manually transfer password lists.

Is It Safe to Use a Password Manager?

With cybercrime on the rise, it‘s natural to be concerned about the risks of entrusting all your passwords to a single service. Here are a few factors that determine how safe a password manager is:

  • Encryption protocols: Look for AES-256 bit or stronger encryption. Some services offer added security via cryptographic splitting.
  • Zero knowledge architecture: Your master password should only be known to you. The service has no way to access it.
  • Security audits: Reputable companies undergo frequent independent security assessments to identify and fix potential vulnerabilities.
  • Breach notifications: Responsible disclosure and notifications in case of any security incidents. Quick action to mitigate risks and reset passwords.
  • Authentication options: Use strong master passwords and enable two-factor authentication for additional protection.
  • Limited data collected: Choose a service that only collects minimal user information beyond login credentials.

No system is 100% secure, but reputable password managers take every precaution to safeguard your data and quickly address emerging threats. Your passwords are much safer in an encrypted vault than in weak, reused passwords across accounts.

How to Pick the Best Password Manager

With dozens of password managers out there, how do you pick the ideal one for your needs? Here are the key factors to consider:

  • Platforms supported: Browser extensions, mobile and desktop apps, etc.
  • User experience: Interface design, autofill, easy importing and organizing.
  • Features: Password sharing, digital wallet, VPN, breach alerts, etc.
  • Security protocols: Encryption method, zero-knowledge, 2FA options, audits.
  • Pricing: Free or paid plans with individual, family, business tiers.
  • Customer support: Quality and availability of help resources and tech assistance.
  • Independent reviews: Research credible expert and user reviews of the service.

To help you decide, here‘s an overview of 5 top-rated password managers:

1. Dashlane

Dashlane is a feature-packed manager with seamless user experience across devices. It offers a free limited plan and premium plans starting at $2.99/month.


  • Intuitive interface and setup
  • Robust autofill and auto-changing of passwords
  • VPN for secure public WiFi
  • Extensive platform support


  • Free plan lacks some key features
  • Premium pricing on the higher end

2. LastPass

LastPass balances great security with ease of use. It has a forever-free plan with premium upgrades starting at just $2/month.


  • User-friendly browser extensions
  • Solid encryption and security
  • Affordable pricing
  • Good platform support


  • Some minor bugs reported
  • Free version limits sharing

3. 1Password

1Password offers an elegant user experience with robust organization tools. Paid plans start at $2.99/month.


  • Polished design and UI
  • Great organizational features
  • Solid security reputation
  • Good platform support


  • More expensive than some rivals
  • No forever-free tier

4. Keeper

Keeper focuses on providing top-notch security at affordable pricing, starting at just $2.91/month.


  • Very strong 256-bit AES encryption
  • Extensive security audit records
  • Generous free trial period
  • Affordable paid plans


  • Interface less intuitive than some
  • Limited sharing on free plan

5. Bitwarden

Bitwarden is a popular open-source option with generous free plans and paid upgrades from $10/year.


  • Open source code means greater transparency
  • Very affordable premium upgrade
  • Good basic features on free plan
  • Available on many platforms


  • Not as polished experience as rivals
  • Limited support options

Setting Up and Using Your Password Manager

Once you‘ve picked a password manager, here‘s how to set it up for secure seamless usage:

  1. Create your account: Download the app or browser extension and create your account with the service.
  2. Log in: Set a strong master password. Enable two-factor authentication for extra security.
  3. Import existing passwords: Use the import tool to safely transfer passwords from your browser into your new vault.
  4. Install browser extension: Add the browser extension to enable autofill and one-click login.
  5. Generate new passwords: Use the password generator to create unique passwords for each account.
  6. Organize logins: Add tags, labels, and folders to neatly organize your password vault.
  7. Enable auto-capture: This automatically saves new logins when you sign up for sites.

Once set up, your password manager will securely store all your credentials and log you into sites with a single click!

Expert Password Security Tips

Here are some additional tips from cybersecurity pros on keeping your accounts secure:

  • Always use a unique password for every account, never reuse passwords.
  • Make your master password long, complex, and hard to guess. Avoid personal info or common words.
  • Turn on two-factor authentication to protect your password manager account.
  • Share passwords sparingly and only when absolutely necessary.
  • Change passwords every 90 days for accounts with sensitive information.
  • Be cautious of public WiFi – use your password manager‘s VPN or avoid logging into sensitive accounts.
  • Use password generator tools to create random complex passwords.
  • Enable breach alerts to monitor whether your accounts appear in dark web data dumps.


Having strong unique passwords for every account is one of the best ways to improve your online security. Password managers make this convenient by securely storing passwords and logging you in with a single click.

Leading experts recommend using dedicated third-party password managers rather than relying on browser-saved passwords. Take your time to pick the solution that best fits your needs and budget. Set up robust security protocols like master passwords and two-factor authentication.

With a great password manager by your side, you can breeze through logins, stay safe from password breaches, and gain peace of mind knowing your online accounts are well protected!


Streamr Go

StreamrGo is always about privacy, specifically protecting your privacy online by increasing security and better standard privacy practices.