With the advent of password manager software for managing and organizing your passwords and other personal information, storing numerous and complex passwords of different accounts is no longer a problem. But do these password storing applications always offer an optimal solution? Or do you need to be more careful in proceeding with any type of password manager? Let’s have a look at some of their pros and cons to decide if it’s the best option for you to rely on such software:-

Pros

– Password managers are not only an ideal software for storing your passwords, but they can also serve well in storing other types of confidential information such as your bank details, credit card numbers, PIN numbers or any other private detail. This ensures that you have all the records secured at one place and can access them on the go.

– Portability is one of the key benefits of using password manager software. Such software is available on portable devices such as iPhone or Android devices. This means that you can access all your passwords and other details anytime, anywhere. eWallet is an example of such a password manager which can be used on all iOS devices such as iPhone, iPad and iPod etc. as well as on tablet PCs, notebooks etc.

– Online password managers are embedded in websites that store login details of your accounts such as Facebook. This means that you do not have to type the username and password again and again, and logging in to your favorite site is just two clicks away.

– An online password manager saves you from key-logging; i.e. it prevents your keystrokes from being tracked by others who intend to monitor your online activities. Obviously, if you do not have to type a password again and again, you would not have to use the keyboard for keystrokes.

-Again, an online password manager prevents you from becoming a phishing victim. If you automatically log on to any site without entering your login details every time, then you would know the difference between the original website and a similar website designed as the original one – known as a scam site – which would ask for your login details.

Cons

– In the end, it all comes to your master password. If it is weak, others might be able to break through it, thereby offsetting most of the advantages of using a password manager.

– Storing all your passwords on your browser or hard drive is not a wise option if other people have access to your PC or laptop. Automatic login to your accounts means that anyone can go through your personal information or profile, and can possibly manipulate the information without you being aware of it.

– If you do not enter your passwords manually for a long time, you are likely to forget them. This might pose a problem if you decide to log on from a different computer or if you do not have access to the password manager all the time.

While the numerous apparent benefits of using password managers cannot be undermined, one cannot ignore their potential threats and drawbacks as discussed above. In order to utilize these password managers to the best of their capabilities, you need to educate yourself with their pros and cons, and use them in a manner which minimizes their drawbacks while maximizing the gains.

Steven White is an IT expert who writes for Free Password Manager blog, a site providing information on Best Password Managers, Password Manager Review, Password Management Tips, Password Advice, Password Issues, Password Manager Types etc.

Steven White is an IT expert who writes for http://www.freepasswordmanager.com/ Free Password Manager blog, a site providing information on Best Password Managers, http://www.freepasswordmanager.com/manage-engine-password-manager-review/ Password Manager Review, Password Management Tips, Password Advice, Password Issues, Password Manager Types etc.

Author Bio: Steven White is an IT expert who writes for Free Password Manager blog, a site providing information on Best Password Managers, Password Manager Review, Password Management Tips, Password Advice, Password Issues, Password Manager Types etc.

Category: Computers and Technology
Keywords: password manager, password management tool, password manager software, password management