Best 10 Password Management Software: Top Solutions For Your Business

Password management software
Tom’s Guide

Creating a new password might be a difficult undertaking. What should I enter? What is your pet’s name? Your favorite high school teacher But you can’t be so irresponsible. You want your data and personal information private; therefore, using weak passwords like a family member’s name and a basic sequence like 1234 or abcd is risky. That sort of sloth is understandable, but it is also hazardous. Because the people attempting to steal your information are experts at password cracking, you must be equally rigorous in defending your accounts. That is why a password manager or password management software is required. Here we have reviews of the best free and paid password management software in 2023.

What is Password Management Software?

Password management (PM) software allows users to reset their own passwords following an account lockout or when they forget their passwords. PM solutions can also synchronize passwords for users across numerous platforms, allowing them to use the same password to access multiple apps.

What Is the Process of Using Password Management Software?

The majority of people use a password manager to manage their website credentials. In practice, the password manager offers to save your credentials when you log in to a secure site. When you return to that website, it will offer to fill in those credentials for you. If you’ve saved numerous logins for the same site, the password manager will display them all. Most password managers additionally provide a browser toolbar menu of saved logins, allowing you to go directly to a saved site and log in.

When you change your password for an account, some products detect it and offer to update the previous password on file to the new one. Some safe websites save your credentials when you establish a new account. Password managers that do not automatically capture passwords should be avoided for optimal convenience.

An excellent initial step is to enter all of your existing passwords into a password manager. Following that, you must identify weak and duplicate passwords and replace them with strong ones. Password managers can detect poor passwords and assist you in improving them. According to a PCMag survey, 70% of respondents reuse passwords for their accounts. Clearly, eliminating reused passwords is one of the most significant ways a password manager may increase your personal security. Some password managers even check whether you have set up multi-factor authentication for those services in your vault that enable it and whether your personal information appears in any data breaches.

Best Password Management Software In 2023

#1. Bitwarden: The Best Free Password Management Software

  • Open-source, secure and transparent
  • The free version can be used on an unlimited number of devices and device types.
  • Premium subscriptions start at $10 per year
  • Windows, macOS, Linux, Android, iPhone, and iPad are all supported. Chrome, Firefox, Safari, Edge, Opera, Vivaldi, Brave, and Tor browser extensions

Bitwarden tops the list of the best password managers for 2023 due to its open-source heritage as well as its unrivaled – and infinite – free version. With competitive security strength, this lightweight encryption software can generate, store, and automatically fill your passwords across all of your devices and popular browsers, including Brave and Tor.

Its free version lacks some of our other options’ bells and whistles, but its premium editions are just as feature-rich. A Bitwarden premium subscription, like its competitors, lets you exchange passwords, logins, memberships, and other stuff with trusted family and friends, use multifactor authentication with YubiKey, and get 1 gigabyte of encrypted storage. Although it has fewer capabilities than the premium version, Bitwarden’s free edition includes Bitwarden Send, a one-to-one texting function that allows you to securely share login information with another person.

Bitwarden, which made it into CNET’s Cheapskate Hall of Fame as the best free password management software, is hard to pass up if you’re looking for a user-friendly free service with a good security reputation for password management. It also offers a password-sharing tool, allowing you to share all of your login information with another individual. For $10 a year, you may add 1GB of encrypted file storage. For an additional $40, you can choose the Families Organization plan, which includes six individual accounts with unlimited sharing between them. Both subscription levels include a 30-day money-back guarantee.

#2. LastPass is the best-paid password manager.

  • Provides a free version (but limited to one device type)
  • Beyond free, the base fee is $36 per year.
  • The command line interface is free and open source.
  • Windows, MacOS, Linux, Android, iPhone, and iPad are all supported. Chrome, Firefox, Safari, Internet Explorer, Edge, and Opera browser extensions

LastPass’s free edition once distinguished itself as the best password manager in this category by allowing you to save passwords, user login information, and credentials and sync them wherever you want across mobile devices and browsers. And, while you can presently access and manage passwords on both mobile and desktop devices, if you use the free version, you’ll have to pick between the two by March 2021.

That means if you choose mobile, you’ll be able to access your LastPass account on your phone, tablet, or wristwatch, but not on your laptop or desktop software unless you upgrade to Premium, which costs $36 per year, or Families, which costs $48 per year.

Read Also: How Important Is It to Verify the Identity of Your Customers?

You may also exchange passwords, logins, memberships, and other stuff with trusted relatives and friends, use multifactor authentication via YubiKey and get 1 gigabyte of secured storage with the Premium edition of the password manager. Meanwhile, the Families plan provides you with six individual accounts, shared folders, and a dashboard for managing the family accounts and monitoring the security of your account.

No, LastPass isn’t perfect: A serious bug that was secretly reported in September 2019 was a vulnerability that may potentially compromise passwords. However, the corporation corrected it before it was widely abused. It was one of several security flaws uncovered in LastPass over the years.

However, privacy and security issues have recently surfaced in relation to LastPass’ Android app, after a privacy advocacy initiative detected seven web trackers within the mobile app. LastPass has since reduced the number of web trackers in its Android app to five.

#3. 1Password: The best-paid password manager for various platforms.

  • Provides a 14-day free trial.
  • Annual base price: $35.88
  • Windows, MacOS, Linux, Chrome OS, Android, iPhone, and iPad are all supported. Chrome, Firefox, Safari, Edge, and Opera browser extensions

If you need a trustworthy password manager tool to keep your login information private and secure, 1Password is the best password manager for the job, allowing you to access all of your accounts and services with a single master password. It is compatible with all major device platforms.

Although there is no free version of this well-designed password management software, you can try it out for 14 days before joining up. (Unfortunately, this is a reduction from the previous 30-day trial duration.) Individual subscriptions cost $36 per year and include 1GB of document storage as well as optional two-factor authentication using Yubikey for added protection. A trip mode allows you to remove your 1Password sensitive data from your device while traveling and then restore it with a single click when you return, protecting it from border checks.

On Mac and iOS operating systems, biometric authentication can be used to access your password vault; Touch ID can be used to unlock 1Password, while Face ID can be used on iOS devices. For $60 per year, you can cover a family of five and use a single password manager software to access password sharing, credit card information, and anything else among the group. Each user has their own password vault, and it’s simple to manage who you share information with and what they can do with it.

You can also create separate guest accounts for password sharing if you want to exchange Wi-Fi connection passwords or home alarm codes with visitors.

Other Free and Paid Password Management Software To Consider

Bitwarden, LastPass, and 1Password are all strong, affordable (or free) password keepers that were almost neck-and-neck in use in a straw poll of CNET staffers. If none of our three recommended password managers meet your needs, there are a few alternative options to consider. There are free versions of all of them.

#4. Dashlane

  • Provides a limited free version (50 passwords on one device)
  • Beyond free, the base pricing is $60 per year.
  • Compatible with Windows, Mac OS, Android, iPhone, and iPad. Chrome, Firefox, Safari, Internet Explorer, Edge, and Opera browser extensions

Dashlane is a simple and safe solution to manage passwords and save other login information. We enjoy it as much as our other selections for password management, however, the free Dashlane app limits you to one device and 50 passwords. The $60 Premium subscription is comparable to those offered by 1Password and LastPass. The $90 Family subscription covers up to six people.

#5. Keeper

  • Provides a limited free version (unlimited passwords on one device)
  • Beyond free, the starting price is $35.
  • Windows, MacOS, Linux, Android, iPhone, and iPad are all supported. Chrome, Firefox, Safari, Internet Explorer, Edge, and Opera browser extensions

Keeper is yet another safe password manager that can be used to handle login information on Windows, MacOS, Android, and iOS devices. A free version allows you to store an unlimited password of passwords on a single device. The upgraded version costs $35 a year and allows you to sync passwords across multiple devices. You may also receive 10GB of safe file storage and dark web surveillance for $75 per year.

#6. KeePassXC

  • It is completely free.
  • Donations are welcome.

Windows, MacOS, Linux, Chrome OS, Android, iPhone & iPad, BlackBerry, Windows Phone, and Palm OS are all supported. Web access as well as popular browser extensions (KeePass on other platforms is an unofficial port, save for the official Windows, MacOS, and Linux versions.)

KeePass, another open-source software password manager, began on Windows but has subsequently incorporated native MacOS and Linux apps, as well as being converted to Android and iOS utilizing the same code base. On the plus side, it’s completely free and has the support of the Electronic Frontier Foundation. On the other hand, it’s actually only for sophisticated users: its user interface requires some configuring to get all the independently developed KeePass versions to function together.

How Did We Choose the Best Password Management Software?

With so many alternatives for the best password management software now available, it was difficult to choose which ones to include in this study.

First and foremost, we identified six premium options, choosing those that we believed covered a wide range of use cases – including solutions suited to business customers and others that would work well for families.

Any apps with less common features, such as biometric authentication, were also examined. We’ve also compiled a list of the best free options. Although these have certain restrictions when compared to the commercial software indicated below, they are still quite powerful password managers.

Pros and Cons of Free versus Paid Password Management Software

Free Password management software

Once logged in to the password vault, all saved passwords are available for auto-fill or copy and paste, eliminating the need to memorize and continually retype these passwords. These passwords can be saved in the browser and accessed anytime you log in to the computer.

Another feature shared by all free password managers is that they automatically fill in your login, password, and/or OTP when you visit websites. This auto-fill feature makes it easy to log in to websites without having to type usernames and passwords. This way, you may generate strong and complex passwords for each website for added security, but log in without having to type them in.

Alternative desirable qualities include the ability to generate random and complex passwords, the ability to identify abnormalities in attempted logins, and the ability to employ other mechanisms other than a master password, such as physical tokens and biometric features. Of course, free password managers have limits that may not satisfy everyone’s needs. Some password organizers, for example, limit free users to the number of passwords they can save; for many, this is an intolerable factor.

One of the primary benefits of a premium password manager is the ability for you and your staff to securely share passwords. This is a major benefit when you want to build up complex passwords for essential systems and web apps and provide your employees access to them.

Sharing passwords via password management software allows a central authority to easily establish, alter, and even remove passwords for all users at once. Many premium password management software packages additionally include the option to synchronize the password vault across numerous devices. This is useful when employees utilize various devices to access accounts via passwords (computers, laptops, phones, etc.).

Consumers may be able to get away with using a free password manager, but for enterprise organizations, investing in a commercial solution makes sense because the benefits from productivity increases alone surpass the price.”

Should you keep your passwords stored in your browser?

Storing your password in a browser is one approach for keeping track of your passwords, but there are more secure methods, such as using password management software. Using a centralized solution to track your credentials provides additional levels of protection that browsers do not provide. One major reason is the use of a master password.

Browsers save login information and credentials within their applications and make them available for use when a user accesses a website. Cybercriminals or anyone who acquires physical or remote access to your computer, on the other hand, can.

Everything is synchronized in one spot and across many browsers when you use a password vault. Because the user is the only one who has the decryption key, password management software developers have no access to your vault data.

When password management software developers keep vaults in their cloud servers, they encrypt them. You, as the user, are the only one who has access to the decryption key. In this situation, it is your strong password that secures the password vault and unlocks it when you enter the password to access all of the credentials.

Using several browsers such as Chrome, Firefox, or Edge makes it difficult to access passwords across multiple platforms. While browsers may generate passwords, it is critical to protect all of your passwords and important information. Unfortunately, while using another computer to access the password vault for the first time, browsers do not support multi-factor authentication.

Why is There so Many Password Management Software?

“Demand in the market. =)” Password fatigue is a genuine thing. Most people have dozens, if not hundreds, of internet accounts. Nobody could possibly keep track of so many passwords on their own, hence there is a market for a product that makes it easier to save and retrieve passwords. When a market demand exists, providers will step forward to meet it.”

Password management software is likewise a low-hanging fruit for adding a function to a security package. NordVPN, Norton, and others have already recognized this; expect many more to follow suit).

Password Management Software FAQs

Is password management software safe?

Password managers offer strong encryption, which acts as a powerful deterrent to cybercriminals. Many password managers use strong encryption, such as AES, which is the industry standard for protecting sensitive data used by the US government.

Where is the best place to store passwords?

A reliable password manager tool is the best way to safely store passwords. A password manager makes it simple to generate, maintain, and access safe passwords.

Should you write down your passwords?

So, while writing down passwords increases password security and makes it more difficult for someone to steal your passwords online, it may also make it easier for someone to obtain the same passwords locally. It all depends on how carefully you safeguard your passwords.


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