Web based Password Managers

Written by Vidya Kumar

July 21, 2014

Picture

We have an active digital life. We have accounts on the web for banking, social media, online shopping etc. which need usernames and passwords. It is important to have a strong unique password for different accounts but then difficult to remember them all. It is not safe to write it down too. Online password managers are applications that help us in managing our passwords and we have compared three products here – LastPass, PasswordBox and Dashlane. 

Picture

Do you know how many passwords you have? You have many of them- passwords for email accounts, bank accounts, demat accounts, networking accounts, utilities websites. Phew..that is a lot and it is not easy to remember unless you have put in your name or something as simple for all of them It is not a smart idea to have the same password for all accounts nor to keep it very simple. Moreover most applications do not allow you to have easy passwords. You generally need to key in characters, numbers and/or special characters etc. The password length also needs to be long.

At the same time, it is not easy to remember all the different passwords. Many a times, accounts get locked when you enter the wrong password and all of us know the hassles faced when losing a password and trying to retrieve it. Technology comes to our rescue again. There are web based and machine based applications that manage passwords, PINS and form filling. Let us look at some web based applications to store passwords.

As you can see, password managers provide a host of features apart from just storing passwords. Yes, you have to trust the password manager development team but with features like multi factor authentication and encrypted password storage, it is good to consider one of the products.
Let us know if you have used a password manager or need more information in this topic.


The author can be reached at [email protected]

0 Comments

INSIGHTS + MONEY STORIES

INSIGHTS + MONEY STORIES

Our Newsletter features money stories and useful insights on personal finance that can help you make informed decisions and stay up-to-date with the latest trends in personal finance. Sign up today!!!

You have Successfully Subscribed!