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IT Glossary

What is a password manager?

The company’s digital vault: it generates, stores and fills unique strong passwords for every account — a person remembers exactly one.

The truth about passwords inside an ordinary company is known to everyone and said by nobody: the same password everywhere, variations built around the current year, a spreadsheet on the shared drive helpfully named Passwords, and sticky notes under keyboards. The problem is not laziness but arithmetic — no human being memorises eighty unique strong passwords. A password manager performs that arithmetic on people’s behalf: an encrypted vault that generates long random passwords for each account, fills them in automatically at login on the correct site (a refusal to autofill on a look-alike domain is, incidentally, an excellent phishing detector), synchronises across devices, and asks a person to remember one master password plus a second factor guarding the vault. Business editions such as Bitwarden, 1Password or Keeper add exactly what the fatal spreadsheet never had: shared team vaults so the company social-media password reaches marketing without travelling through chat apps, rights by role, an access log, administered recovery and — underestimated until the first unpleasant departure — instant revocation, where a leaver loses the vault in one click and the exposed passwords are rotated in an orderly sequence. At a few euros per person per month it is the proverbial best ratio in security spending, because it structurally eliminates password reuse, the silent cause behind most compromised accounts.

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Why it matters for your business

Unique passwords, finally realistic

Automatic generation and autofill do what human memory cannot — a breach at one website no longer opens every account the company owns.

Civilized shared access

Team vaults replace passwords dictated over chat and the fatal spreadsheet — with rights, history and order in their place.

Departures defused

One click withdraws a former colleague’s entire access, and the report shows which passwords need rotating — no more changing everything and hoping.

Frequently asked questions

Isn’t it dangerous to keep every password in one place?

Paradoxically it is the safest arrangement available: the vault is encrypted with a key only you hold, so the provider itself cannot read the contents, and it sits behind a serious master password plus a second factor. The real alternative is not perfectly memorised passwords but reuse and sticky notes — concentrated, guarded risk beats scattered, unguarded risk every time.

What happens if I forget the master password?

On personal plans recovery is deliberately limited, which is why the master password is chosen to be memorable and an emergency copy is kept somewhere physically safe. Business plans include administered recovery, where a designated administrator can restore an employee’s access. That detail belongs in the rollout configuration rather than being discovered during an incident.

Doesn’t the browser already save passwords for free?

Partly, and with weaknesses exactly where companies feel them: modern information-stealing malware harvests browser-stored passwords in bulk, team sharing does not exist, access cannot be revoked when somebody leaves, and central administration is absent. For personal use it beats nothing at all; for a company, a dedicated manager is the difference between a tool and an improvisation.