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A data breach can cripple your business within minutes. This is why protecting your passwords and personal information online is essential. A password manager can help provide security for your business, customers, and employees. 

Simply put, a password manager allows users to generate complex passwords for their online accounts and securely store them for later use. In other words, you no longer have to write down or remember your complicated, strong passwords. The password manager does the remembering for you. 

Most password manager apps are zero-knowledge platforms, which means that your privacy is guaranteed by encryption and can only be accessed by you. The password manager functions as a password vault, storing your password and biometric information on an encrypted device, usually the same type used by the U.S. military and government for the utmost security. 

Almost all password managers use two-factor authentication to guarantee password security, requiring users to input two different confirmation methods. For example, typing in your password and inputting a required password code that is sent as a text to one of your devices.

We have listed the six best password managers of 2023 below.

1

Dashlane

Learn MoreOn Dashlane’s Website
2

LastPass

Learn MoreOn LastPass’ Website
3

Keeper

Learn MoreOn Keeper’s Website
4

1Password

Learn MoreOn 1Password’s Website
5

LogMeOnce

Learn MoreOn LogMeOnce’s Website
6

Bitwarden

Learn MoreOn Bitwarden’s Website

Are password managers safe to use?

Since most password managers use encryption to secure their users’ passwords and data, this makes them a safer option than leaving your business’s credentials open to being hacked or compromised. 

With encryption, password managers cannot keep a list of your passwords. To put it simply, password managers allow users to store passwords and other sensitive data for various mobile apps and software platforms under one master password. This move allows a single sign-on to access your saved passwords and login into numerous accounts. This alleviates the need to remember your complicated passwords or write them down.

The bottom line.

Leaving your passwords and company data open to hackers is a risk not everyone is willing to take. Weak passwords, neglecting cybersecurity, and hacking vulnerabilities can easily bring your business to a halt within seconds. 

Investing in a good password manager and authentication app can help ensure your data cannot be breached. It makes company passwords much safer and more secure across your team. To learn more about building and securing your business, check out the rest of our website.

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