What is a Password Vault?
A password vault ("password manager" or "password wallet") is a digital tool that stores passwords so that users do not have to worry about remembering what their passwords are. Generally, a password vault is known more for securely storing passwords while a password manager is known for also offering additional management services.
A secure password vault is encrypted and offers its user a a variety of functions that make securing and managing passwords easier including
- securely storing usernames and passwords
- offering one "master" password or authentication factor to be used to access all other passwords
- preventing bad password habits such as password reuse and weak password creation
- auto-filling credentials so users can reduce manual effort of authentication
Replacing passwords is an ongoing effort, and password vaults are an excellent method of more securely managing passwords.
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