Security News > 2022 > December > Improper use of password managers leaves people vulnerable to identity theft

To protect your password manager account, you're required to set up a master password.

That master password must be especially strong and complex and certainly should never be used elsewhere, but almost half of the password manager users hit by identity theft used their master password for other accounts.

Some 37% said they use password managers to encrypt their passwords, while 19% use them so that they need remember only one password - the master password.

Asked how much they pay annually for their password manager, 67% of the respondents said they pay nothing, 10% pay between $1 and $20, 7% pay between $21 and $40, and 6% pay between $41 and $60. Among different password managers, Google's Password Manager was the top product, cited by 23% of those surveyed.

You need to use the password manager properly for it to be truly effective and protect yourself from identity theft.

Keep the master password specific to your password manager account.

News URL

https://www.techrepublic.com/article/improper-password-managers-leaves-vulnerable-theft/