Best Password Management Software 2023 Reviews & Pricing

LogMeOnce offers a free ad-supported plan that includes unlimited passwords and devices, two-factor authentication, and 1MB of encrypted file storage. Users are limited in the number of secure notes, credit cards, and shared passwords and can expand each limit with add-on costs. Three paid plans ranging from $2.50 to $4.99 per month add additional storage and sharing as well as the ability to add up to six family members. As an additional precaution, you should set up multi-factor authentication to secure your password manager account, be it biometric, SMS-based, or via time-based one-time passwords (TOTPs) stored in an authenticator app. The best password managers support authentication via U2F or OTP-based hardware security keys, most of which are about the size of an actual key and made to go on your key ring. Password management (PM) technologies enable users to reset clients’ passwords following an account lockout or when individuals forget their credentials.

Keeper, founded in 2011, was created by two developers who were frustrated by the lack of password managers for mobile devices at the time. Today, the company offers advanced password management and security for individuals, families, and businesses. Next, you must identify weak and duplicate passwords and replace them with tough ones. Some password managers even check whether you have set up multi-factor authentication for those services in your vault that support it and whether your personal information appears in any data breaches.

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LogMeOnce allows organizations to protect user accounts against hack attempts and identity theft by scanning the dark web for stolen passwords. Administrators can generate security reports to view and monitor identity and password vulnerabilities through charts and security metrics. Keeper also manages privileged account credential lifecycles with role-based access permissions, controlled credential sharing, and scheduled rotation of passwords. Yes, in general, password managers are secure enough to protect a business’s passwords.

Our top-rated password managers help you create a unique strong password for each of your online accounts and alert you of potential data leaks. It is still your responsibility to be mindful of how your information gets used and by whom. For instance, if you routinely share passwords without knowing who else your friends, family, co-workers or employees, in turn, give that information to, then you still run into security issues. These services are designed to make password protection easier, but they require you to make good calls with how freely you share data on and off the Internet.

NordPass — Good Security + Sharing Options

Keeper Enterprise is probably best for larger businesses, and the Business plan is more suited to startups and smaller companies. The Business plan comes with a 14-day free trial, but you’ll have to contact Keeper’s sales team for a demo of the Enterprise solution. I also like RoboForm’s security reporting feature, which assigns an overall security score to each team member based on the strength of their passwords. RoboForm scans each user’s vault for weak or compromised passwords that need changing.

With a family plan, one subscription fee covers anywhere from five to 10 individual accounts, depending on the provider. A family plan is a convenient and cost-effective option for anyone who wants to easily and securely share vault items with trusted contacts. French-based company Dashlane launched its password manager in 2009, quickly becoming a major player in the marketplace. It offers both a robust free plan and paid plans with additional security support for its customers.

Password Manager Market Trends

Security breaches of password management solutions can damage the reputation of the industry and hinder market growth. To help you get started, we’ve created a buyers guide with all the information required to evaluate the options available for your business. A strong password should ideally be a minimum of eight characters, including upper and lower case letters, numbers and symbols. You can also create passphrases that consist of randomly strung-together words.

Each plan is priced per month and per user and requires an annual commitment (monthly plans are available but cost slightly more per month). While Dashlane can get expensive very fast for larger teams, its security features make it a worthwhile investment. Healthcare organizations hold a vast amount of patient records, making Patient Health Information (PHI) a highly coveted item on data markets.

Netwrix Password Reset

Password Boss’s business plans start at a relatively low cost per user, which gets even lower if you opt for a longer subscription. Password Boss For Business is more for smaller teams, as it offers only the essential features. Password Boss For MSPs is better for bigger enterprises, as it offers detailed activity reports, AD connections, and advanced security policy settings.

• First and foremost, Bitwarden is fully open-source, secure and audited annually by third-party cybersecurity firms.
• Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets.
• While the options above are useful for Google Workspace users, I think password managers like 1Password do a much better job of managing passwords across organizations.
• Our report is based on extensive research and analysis, and our team of experts has a proven track record of delivering reliable and accurate market insights.
• 1Password is a great choice for businesses with more than just passwords in need of security.

Norton Password Manager stands out as a competent password management system with a simple and attractive interface. It keeps all of your logins together in a “vault,” all synced seamlessly across your devices. Hence, the pandemic introduced industries to digitalization and digital transformation.

Dell Password Manager

NordPass is another password manager that offers a legitimate free plan that is almost as good as Bitwarden’s. If you’re more technically inclined, you can opt for KeePass, which is completely free and unlimited but not as easy to use as many others. There is a free plan on offer that lets you store an unlimited number of passwords, but it’s limited to a single device — which may work for you if you only have one computer or mobile device. But if you want to sync multiple devices with Dashlane’s free plan, you’re out of luck.

LastPass also stores your encrypted information on its cloud servers, meaning you can use LastPass on computers other than your PC and easily share passwords with family members. It even comes outfitted with a password generator to create unique passwords. BreachWatch alerts employees if one of their accounts has been compromised in a data breach, prompting them to change their credentials before cybercriminals can steal sensitive company data. Still, BreachWatch is a great tool and I could see why some business owners may not mind paying the extra fee to fully secure their team’s passwords. Keeper is a very intuitive and secure password manager with many advanced integration and admin customization options.

Best for Collaboration Tools

All of this makes it a robust option and our choice as the best overall password manager. NordPass, from the team behind NordVPN, is a streamlined, easy-to-use service for securely accessing your passwords enterprise password management cloud via desktop and mobile apps or on the web. It has added some notable features over time, including a Data Breach Scanner, password health report, web vault, and a password inheritance option.