What should you store in a password manager?

During the second quarter of 2022, there were 52 million data breaches.

Since cyber threats are always just behind the corner, using the tool for secure data management becomes necessary.

Should you use any software to keep all your passwords? If yes, what data should you store in a password manager?

Keep on reading to find out.

Why are data breaches related to passwords?

Although it may seem that passwords have nothing to do with data breaches, it does. Passwords are the weakest link in cybersecurity. Compromised credentials are the underlying reason behind most cyber attacks.

Therefore, it is always best to improve personal and business data security by protecting passwords.

A password manager is a widely used and expert-suggested tool to store sensitive data.

Why is it better to store credentials in a password manager?

A password manager is a perfect and most-secure alternative to many dangerous data management practices.

Specifically, a password manager can replace the need to follow such risky practices:

• Sticky notes.

More than every second employee has admitted to writing the password down on sticky notes. Although this might seem secure, in reality, people frequently lose or throw away sticky notes (and passwords).

Besides, everyone can read the passwords written down on notes – from colleagues to office guests; from clients to cleaning staff. You can never control who can view them.

This can accidentally provide access to sensitive accounts for unintended people. Consequently, such practices might put businesses at huge risk.

• Locally stored excel sheets.

Even though you store an excel sheet with a password locally on your work computer, there are still some underlying issues with this data management method.

First, you can only access your passwords from the office. (Accessing the desktop remotely might cause insecure network-related vulnerabilities). Therefore, you cannot access passwords from your phone. If you lose the device, you lose passwords too.

Besides, there is no existing method to securely share a credential with your colleague from a locally stored excel sheet.

• Online-based sheets and chats.

While it is easy to access passwords stored in online sheets, such practice comes with risk. All online stored data in plain text are particularly vulnerable to devastating outcomes after a successful data breach.

Sending a plain-text password in emails or chats is vulnerable to the same risks. There are more secure ways to share a password.

When you store sensitive data in a password manager, you avoid all the risks mentioned above. A reliable and secure password management tool eliminates the need to follow insecure data management practices.

Here’s how.

Why should you use a password manager? How does it work?

A password manager is the most secure existing solution to protect sensitive data. It stores sensitive data securely locked in an encrypted vault.

To protect your data, password managers should use a bank-grade encryption standard that enciphers your data, so nobody can access or reveal it.

Password managers should also allow you to generate strong passwords and immediately save them to your account. This way, you gradually start having only strong credentials without putting effort.

A reliable password manager (like PassCamp) provides an easy and secure way to share data with others inside the tool. This eliminates all security issues related to online docs and chats. A password management tool offers a straightforward approach to password sharing.

All you need to access your vault is to remember one Master Password. It unlocks the account locally on your device and grants you secure access to your vault.

Therefore, you should use a password manager for secure and easy data management processes.

What data should you store in a password manager ?

Technically, you can keep all types of short-written data inside the tool – from quick notes to longer phrases.

A reliable password manager should provide an intuitive way to do that.

Among the data that you should store in a password manager, there are:

• usernames (emails) and passwords;
• credit card details;
• address cards;
• WiFi passwords;
• database info;
• server info,

And others.

This is the data you should store in a password manager to protect it against cyber threats.

Such a password manager as PassCamp supports all these data formats, so you can organize your sensitive information easily and securely.

Try it out today and see how a reliable password manager tool facilitates data management processes.