Crypto Terms: Letter P

What is Password Manager?

Password Manager MEANING:
Password Manager - an app or software used to store and manage passwords for various accounts or services.
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Let's find out Password Manager meaning, definition in crypto, what is Password Manager, and all other detailed facts.

A password manager is a tool used to securely store and manage passwords for various accounts, internet provider services, and other sensitive login data. Passwords managers encrypt the passwords to ensure they can only be accessed by an authorized party that holds a decryption key.

Some web browsers have pre-installed password manager services. However, they are often criticized for considerably poor security and threats to the users’ sensitive information.

Passwords managers typically rely on one master password that acts as the key to access all stored data. Some managers can also be used to store additional information, such as private notes. Users can enable two-factor authentication (2FA) to reinforce security measures.

Users must keep their master password secure as cracking it will grant hackers access to all encrypted data on the account.