Password managers securely store and manage a user’s passwords through an encrypted vault, which can be downloaded to a user’s device (computer or mobile) or accessed via browser plugins or extensions. As part of identity management, password managers help protect personal data by enhancing the security of passwords. They allow users to create strong, unique passwords for each website or application, eliminating the need to remember multiple credentials. Personal password managers are typically used by individuals or small groups, while paid solutions—often used by larger organizations—offer enhanced features for maintaining highly secure credentials. These business-grade products can facilitate password sharing, randomization, enforcement of password policies, and monitoring of password changes to ensure ongoing security.