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Is There a Safe Way to Store Passwords?

by Innov8tiv.com

You might have dozens of different online accounts ranging from banking and investment, insurance company accounts, social media, and more. With all these accounts come all of their passwords. And, remembering them all can be very hard.

This is especially the case if you choose very strong and high-quality passwords that no hacker can guess.

At the end of the day, with all of the passwords in your head, things can get very confusing, and logging into any one of your accounts becomes a challenge when you have to try and remember which one of those passwords is the right one.

For this reason, something you may want to do is to store your passwords, so you don’t have to remember them. That said, is it safe to store passwords? Is there a safe way to do so?

For the most part, the short answer is yes, there is a safe way to do so, and it’s by using password managers. One great example of a world-leading password manager is Dashlane. Let’s take a closer look at this issue and figure out just how safe these password manager services are and what makes them safe.

Password Managers – Third-Party vs. Browser-Based

The kind of password manager you use is one of the main things that need to be considered. First off, there is the more fundamental kind of password manager, the browser-based version. These are the simple password managers such as on Internet Explorer, Google Chrome, etc., the ones that ask you, ‘do you want to save this password?’

Although they have come a long way since features like these were first introduced, this type of password manager is generally considered unsafe.

Browsers like Chrome, while they do remember your passwords and have some OK security features, really aren’t up to par, and they don’t offer you the protection you need to keep sensitive passwords out of the hands of criminals.

Then, there are third-party password managers – such as Dashlane and LastPass. These, although you will pay to use them, with the cost comes enhanced security.

Most of these third-party password managers use advanced security measures and protocols to keep your information safe. This is not to say that professional third-party password managers have never been hacked or don’t have any flaws, but they are certainly far more secure than the browser-based alternative.

Why Third-Party Password Managers are Generally Safe

Let’s look at why third-party password managers offer the highest protection level for anybody who wants to store their passwords.

Excellent Security and Encryption Protocols

One reason why password managers are relatively safe is that most of them use industry-standard encryption – 256-bit AES encryption. This is the same encryption that governments, militaries, banks, and prominent businesses use. At this time, it’s the most secure form of encryption available at this level.

The Zero-Knowledge Approach

Password managers are safe due to the zero-knowledge approach. All of your info is locally encrypted on your device instead of being stored on a central server. This means that even the people who own and run the password managers do not have access to your information. You are the only one who has access to your passwords.

A Possible VPN for an Extra Layer of Comfort

Although this is not always the case, high-quality password managers usually offer plans or packages that include a VPN or virtual private network.

If you are not familiar with this type of network, it is a way to connect to the internet in a completely anonymous manner. This way, even if someone does find your passwords, they won’t know who they belong to or what those passwords are used for.

High-Quality Password Generators

Next, all good password managers incorporate password generators. These tools automatically generate the strongest possible passwords that consist of random sequences of letters, numbers, and symbols. They are the kind of passwords you would never be able to muster on your own.

Comprehensive Password Audits

The other reason these password managers are entirely secure, at least the good ones, is because of their password auditing capabilities that can determine precisely how strong any given password is.

Conclusion

While password managers are not 100% impervious to assault, they are about as safe as can be, and we put our faith in those that are highly rated.

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