Are Password Managers Safe?

As cybercriminals become smarter, utilizing new and inventive ways to hack and steal sensitive data, password managers have become an effective and useful tool to combat these challenges. 

However, what a lot of people are interested in is: are password managers safe?

In this blog, we will explore this in more detail, considering what password managers are, how safe they are, and what is the safest password manager on the market. 

Let’s get to it.

What is a Password Manager?

A password manager is a program that is designed to manage online credentials, namely passwords. It can store and generate multiple passwords without the user having to remember and input them manually. It might also have other features that users can take advantage of, such as the ability to search the dark web for potentially leaked passwords. 

One example of a reliable password manager is iolo’s ByePass

iolo’s ByePass

ByePass is a password manager that is available on Windows, iOS, and Android. It offers the following features:

  • Secure storage of passwords 
  • Credit card data encryption
  • Autofill passwords
  • Checks for leaked passwords
  • Generates unique passwords 

With ByePass, you can effortlessly manage your online passwords and even credit card information with ease. Save time from having to manually input passwords and shield your credentials from others. 

Best Practices for Password Management

Alongside using a password manager, you should ensure that you use password best practices to secure your credentials against spying eyes. Our top tips are:

  • Avoid reusing passwords – using different passwords is key to keeping your accounts more secure; password managers can generate unique passwords for you
  • Create strong, complex passwords – it is always a good idea to create passwords with a random combination of letters (both uppercase and lowercase), numbers, and if allowed, special characters

Enable two factor/multi-factor authentication (2FA/MFA) – regardless if you have a password manager or not, enabling MFA for passwords is suggested; this requires the user to verify their identity using two or more authentication processes (e.g password and PIN sent to phone number etc.)

How Safe Are Password Managers?

It is not surprising to find that many are unsure of using a password manager – after all, if it is hacked, all of your passwords could be compromised. However, it is safe to say that password managers are safe to use, particularly if you use ones from reputable brands like iolo

This is not to say that password managers don’t have their own vulnerabilities – they have been hacked before, but this does not mean that they are unreliable. Their overall track record is excellent when it comes to securing your credentials.

How Do Password Managers Work?

There are a number of different ways that password managers can secure passwords. For many, this includes a secure encryption process that uses a military-grade cipher (256-bit AES). Others might also use 128-bit AES, which is less secure than the former, but still difficult to decrypt. 

For the most part, all you will need to remember is your ‘master password’ that is your key to accessing the password manager and all of your stored passwords. 

If you are wondering, “What is the safest password manager?”, iolo has the answer for you: our very own System Mechanic® Ultimate Defense™. This software is an all-in-one solution that features a password manager, malware protection, and more.

iolo’s System Mechanic® Ultimate Defense™

System Mechanic® Ultimate Defense™ offers comprehensive protection for your devices. It includes:

  • Optimization of resources, boosting system performance and speed
  • Configuration of privacy settings
  • Antivirus solutions
  • Password management
  • File recovery
  • Permanent file erasure 

With the above features in mind, System Mechanic® Ultimate Defense™ is an exceptional solution that your computer should have. It is worth noting that having a trustworthy antivirus program alongside your password manager is recommended to prevent your password manager from being infiltrated by cybercriminals. 

This is why a solution like System Mechanic® Ultimate Defense™ is a worthwhile investment as it includes both a password manager and virus protection. 

Safely Shield & Protect Your Passwords with iolo

When you choose to invest in a password manager like iolo’s ByePass or System Mechanic® Ultimate Defense™, you can rest assured that you have a safe and reliable system in your hands. Keep your passwords and sensitive information safe from hackers. 

With excellent customer service and numerous resources to support your use of our products and services, you can count on iolo to keep you and your sensitive information safe.

You can browse our full range of products on our website, or simply contact us today to learn more about our services or if you have any further questions.

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What is iolo's Whole Home License?

The Whole Home License® is iolo’s licensing policy that allows you to install and keep your software running on all of your compatible devices within the same home. Previously, users were allowed to install and license their iolo software simultaneously on a maximum of three PCs. Under the Whole Home License, a single activation key allows you to use your iolo software on all of your PCs, other than any PCs you use for business purposes. What you need to know about Whole Home Licensing

  • You, your spouse, and your relatives living within the same household may use the same license on any number of PCs that you own which are not used for business.
  • For full legal terms and conditions, see

To install your iolo product on additional PCs:

  1. On the additional computer, download the latest version of your iolo product. Choose from the list of downloads offered here.
  2. Follow the steps in the installation wizard, and enter the same Activation Key that you used to install on your original computer.

You can view the Activation Key on the original computer from within System Mechanic > red menu bar > key icon > Activation Key.