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Password Managers: What You Need to Know

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By now everyone knows that the websites and apps you use are constantly under attack.

Security breaches occur to even the most respectable organizations and passwords are stolen. When you reuse the same passwords across the internet, all it takes is one hacked account for hackers to make the jump and access your email, bank, and other important accounts.

The solution can be as easy as a password manager. We're not talking about that notebook where you jot down usernames and passwords! An online password manager helps you create, store and auto-fill unique passwords for your accounts. Password managers provide secure assistance to our overworked, not-quite-photographic memories. While most password managers offer similar features, there are a lot of variables to consider. But try googling "best password manager apps" and you might be tempted to immediately shelve the entire topic. There are a myriad of apps to choose from, paid and unpaid, for personal and/or business use, with varying features and security. Where do you even begin evaluating if they are actually safe, and which one is best for you?

Consumers Advocate analysis and review

Enter Consumers Advocate, who recently did a thorough analysis of the top password managers that meet current industry standards, based on features best suited for specific audiences. According to Consumers Advocate, "Password managers have a solid track record. Even those with past breaches have only exposed password information that was retrieved from vulnerabilities that have been rapidly resolved. To this day, and to public knowledge, no individual consumer data has been compromised. Stored data is encrypted, which makes it far more complex than regular documents and files. Even if your encrypted data was somehow maliciously obtained, it wouldn’t be of use without your encryption key, which is tied to either your master password or token key." They go on to say:

  • Complex encryption makes for stronger passwords and enhances your overall online security by adding layers of complexity to your information. This renders stolen encrypted data unusable.
  • Automatic or single-click logins allow you fast and secure access to all of your accounts and saves you time by automatically filling logins and forms.
  • AES-256 encryption and two-factor authenticators are current industry standards.
  • Dark web surveillance cross-checks your personal information against known leaks and reports breaches so you can take immediate action to secure your accounts.

Consumers Advocate dove into the security and usability features that help these Password managers stand out from the pack, evaluating user experience, price, security and support. (As important as ABE considers our service after the sale for our clients, it's no surprise that we think it's important that their password evaluations included support services with "up-to-date community blogs, easy-to-use FAQ sections, and prompt response time in answering concerns voiced through reviews or help requests.")

Their top 6 picks were Dashlane, Roboform, Sticky Password, Password Boss, SplashID Key Safe, and Bitwarden. You can check out their in-depth reviews of each manager here.