Can You Trust Cloud-Based Password Managers?

article by Arya A. author
Whether using a cloud-based password manager, or one stored on your hard drive, the security of your personal login information is protected. Credit card companies, large retailers, and e-commerce sites report hacks at all too regular intervals and additional security enhancements are necessary.

It makes sense that hackers would do their damnedest to try and finagle their way into password manager sites to steal sensitive personal information. Fortunately, the software providers are at the top of their game – especially the best password manager software providers. Password managers are ranked among the most useful resources in the world for IT security. They dovetail perfectly with antivirus software and anti-malware programs as an effective foil against cybercriminals.

Cloud-Based Password Managers: What’s the Verdict?

Cloud-based software is stored in a virtual domain accessible from any PC connected to the internet. Of course, the cloud software can only be accessed by the user, provided the right credentials have been input. It’s near impossible to remember multiple characters in a highly complex alphanumeric password. For this reason, it makes sense to employ the services of cloud-based password managers to do that task.

All the best password manager software performs the same function: they safely store your personal login data so that you can securely access your online banking account, email, or social media accounts. While many of the older password managers do not have a cloud-based platform, there are a growing number that do. Top-tier password manager programs operate virtually today – that is to say no download is required to get started.

Typically, local storage options are far more secure. For starters, the passwords are stored on your hard drive, or a removable disk. These encrypted password databases are less convenient, since they are restricted to the physical medium in question. When password managers are stored in the cloud, they are stored in a physical infrastructure which houses computers. Big-name companies such as Amazon, Apple and Google have their own servers, and theirs is a huge cloud of archived activity. Laptops, PCs and smartphones are now functioning more like dumb terminals than computers. All the relevant information, including password managers is stored virtually, and accessed virtually.

Cloud-Based Password Managers Generally Offer Solid Protection

Cloud-based password managers can be trusted provided the user follows strict security protocols when inputting personal sensitive information. In other words, virtual password managers should not be accessed from public Wi-Fi networks or terminals, and certainly not in a public place. Since the cloud-based password manager contains passwords to all sensitive sites, the master password needs to be safely stored. The purpose of the virtual password manager is to save secure passwords, while the user only needs to remember the master password.

From then on in, it’s plain sailing through all of your accounts. To guard against hacks and other cybersecurity threats, it is a good idea to change your master password every so often. Most of the password managers utilise cryptography systems to prevent criminals from accessing your personal information. Of course, security holes exist and defects abound. Hackers are always trying to steal sensitive login information from sites, but these risks can be mitigated by using land-based password managers or cloud-based password managers. Whatever option is adopted, there is always a degree of digital vulnerability when using passwords. Cloud-based password protection like Keeper that functions with these types of security protocols are best in class.