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Even though many people use password managers, we don’t really trust them

Password managers are a helpful tool since most of us are constantly accumulating digital accounts and it may be a nuisance to remember all of them.

Even while three-quarters of users in an exclusive poll of one thousand use at least one password manager to store our credentials, most do not seem to be excessively confident in their ability to keep these secrets secure.

A third of respondents used both a standalone manager and one built right into their browser, while another third used just one. One in four people don’t use a password management at all, while just over 10% use two separate managers.

Difficulties with Trust

Results from a survey asking how confident respondents were in the safety of password managers were underwhelming. The most popular rating was a six out of 10 (selected by 144) followed by a five (140 votes) or a seven (136 votes).

You can blame the recent stories of high-profile password manager hacks for these average numbers, or you can fret over the privacy concerns associated with tech giants like Apple and Google, which make it difficult to avoid using their proprietary password managers if you use their devices and/or browsers.

Potentially, the findings mirror the ambivalent feelings consumers have towards these types of businesses. People may assume that large technology companies are safeguarding users’ credentials because they have the means to do so and a huge security breach would have a devastating impact on their reputation.

On the other hand, many people’s faith in these kinds of businesses is misplaced due to the aforementioned privacy concerns.

Analyzing the remaining ratings, however, reveals that 284 more individuals gave an eight to ten rating than gave a one or a three. In addition, 110 people rated these services at a perfect 10 while 97 people rated them at a dismal 1/10.

About 43.6% of respondents gave password managers a rating between 1 and 5, while 54.6% gave a rating between 6 and 10.

Our prior poll, in which the majority of respondents said they didn’t use a password manager, is similarly at odds with these findings. Password generators, which are included in almost all password managers and may also be used independently, were also not often used in another poll we performed.

The prevalence of these two factors may help to explain why so many individuals have poor password practises. Numerous studies have been conducted on the topic of password security, and they have all concluded that we need to improve our practises.

But this may be irrelevant, since password-free solutions are on the rise and seem destined to become the new standard for online security. There are a variety of authentication methods that may be found in identity management programmes. Some of these methods include biometrics (such face recognition and fingerprint scanners), passkeys, and single sign-on (SSO) technologies.