What is a Password Manager?
A password manager is software that securely stores usernames, passwords, encryption keys, and other highly confidential information in an encrypted database or set of files. Data can be stored on the device running the software, on a remote server that can be accessed by any of the user's computing devices, or a combination of both local and remote. In order to encrypt/decrypt stored data, the user provides a master password that they previously established. There are many password manager applications on the market, some which are free and others which require an annual payment.