We’ve been getting a lot of questions about password management systems. Many wonder if storing all passwords in one place makes them vulnerable to hacking. Let’s break it down.
Why Use a Password Manager?
Managing passwords manually leads to security risks:
- Reusing passwords across accounts
- Storing passwords in an unsecured file
- Forgetting usernames or associated emails
If your computer gets hacked, a thief could find your passwords in seconds. Reusing passwords makes it even worse. If one account is compromised, all accounts using that password are at risk.
What is a Password Manager?
A password manager securely stores and organizes passwords. You only need to remember one master password.
Benefits:
- Generates strong, unique passwords
- Encrypts stored passwords
- Requires two-factor authentication (2FA) for added security
Can Password Managers Be Hacked?
Some worry that hackers can breach a password manager’s servers. While possible, strong encryption protects stored data. Even if a breach happens, the stolen data remains encrypted and unusable without the master password.
Best Practices for Password Security
Use these steps to keep your accounts safe:
- Choose a reputable password manager (At our company, we use tools like N-able Passportal)
- Create a unique, strong master password (12+ characters, mix of uppercase, lowercase, numbers, symbols)
- Enable 2FA for extra security (AuthPoint from Watchguard)
- Never reuse passwords – Did you know that we can run a security check on your company to see if you are at risk?
- Avoid browser-based password storage – Don’t use Chrome but if you do here is where to find or check to see if there are passwords in the browser- See below.
Where is Password Management in Chrome?
Google Chrome has a built-in password manager: Do not use it! Stop using it if you are.
- Go to Chrome Settings > Autofill > Password Manager
Browser-based storage is convenient but less secure than dedicated password managers. If your Google account gets hacked, stored passwords could be exposed.
Which Password Managers Have the Best Security?
For personal use 1Password and Bitwarden have strong security records. Neither has suffered major breaches that exposed user data.
Interesting facts:
Based on the latest available data, here’s an updated overview of the most popular password managers in the United States, including 1Password and Bitwarden:
| Password Manager | Percentage of Users (2022) | Percentage of Users (2023) | Percentage of Users (2024) |
|---|---|---|---|
| Google Password Manager | 23% | 30% | 32% |
| Apple iCloud Keychain | 17% | 19% | 23% |
| LastPass | 21% | 10% | 11% |
| Bitwarden | 8% | 7% | 10% |
| 1Password | 7% | 8% | 5% |
Commonly Hacked Passwords
Weak passwords like “123456,” “password,” and “qwerty” get hacked often. Avoid using names, dates, or common words.
How to Create an Uncrackable Password
- Use at least 16-20 characters
- Make it completely random (e.g.,
T4$k9&z!XbGq@M2L) - Store it securely in a password manager
The Biggest Catch with Password Managers
If you forget your master password, you could lose access to everything. Some services offer recovery options, but keeping your master password secure is critical.
Where Should You Store Passwords?
A password manager with strong encryption is the safest place. Avoid writing passwords on paper or saving them in unsecured files.
Should You Use a Password Manager?
Yes. A password manager simplifies security, reduces password reuse, and protects your accounts.
For business owners in San Diego, cybersecurity is essential. 724IT can help secure your business. Contact us to improve your company’s security.
