![]() It generates strong and unique passwords, encrypts and saves them in an encrypted database, and autofills them when users need to log onto websites or applications. A password manager is a software tool that allows users to securely store and manage their passwords. Password management services are used to mitigate this risk. As soon as they find a match, such as the same combination for a news subscription as for a corporate email, they're in. Malicious cyber actors purchase these databases and run username and password combinations against everything from personal email accounts to corporate networks. This is because databases containing both hashed and plaintext passwords are frequently compromised, resulting in thousands of usernames and passwords being sold on the dark web almost every day. One of the most significant risks to cybersecurity is using the same password for multiple accounts. Even if your company has never used LastPass, your organization may still be at risk. ![]() Password managers are an important security tool, but companies must understand the risks they can pose – and how to mitigate those risks. ![]() In August 2022, LastPass – one of the largest password managers in the world – suffered a cyber breach resulting in the theft of thousands of password vaults of both individual and corporate users. ![]()
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