The Best Password Manager is LastPass
Password managers are ‘store and manage passwords’ applications. They help you manage literally hundreds of website login credentials so that you don’t have to remember them. There are a number of password managers available today. Indeed password managers are in-built into web browsers nowadays. But they are not as secure as dedicated password managers. That is because they can’t store your passwords in your hard disk in encrypted form by default(though this is changing). You can’t generate strong passwords with the built-in password managers either. You can of course encrypt your entire hard disk but that’s just a ‘kill a bee with a tank’ solution.
There are two major solutions for dedicated password managers. One is online and the other is offline. The online password manager has the ability to automatically sync your password database online over multiple devices. The offline one helps you manage everything manually. You can of course manually share your database over Dropbox or Google Drive. So for each category I have chosen two password managers here.
Online Password Manager
LastPass is an excellent password manager that can be installed on your hard disk as a desktop application. It has support for all the major browsers in the world in the form of extensions or addons. It stores your passwords online and encrypt them as well. Millions have been using LastPass and there are no nightmares faced yet. It can also generate passwords for websites automatically when it detects a registration page. It also puts in the login credentials when you reach a login page. If you work on multiple systems you can try out LastPass. Its free for Standard home use and you can also store notes in it. The ease of use of LastPass is simply unbelievable. But then if you feel uncomfortable storing your passwords online and encrypted you can try out the offline alternative.
Offline Password Manager
KeePass is a completely offline solution. It is a desktop application that can generate and manage your passwords. This password manager has the added advantage of being as secure as you want it to be. Because it is not stored online, you can control where and how it gets stored. Besides KeePass is free and open source so if you wish you can check out the code. Indeed since many folks must have tried it out already, you can be reasonably assured that the code is completely safe and the application can be trusted.
What I don’t recommend
Both the password managers are awesome. LastPass has an edge over KeePass but then ultimately its your choice. Only thing I won’t recommend is trusting technology with everything. If something can go wrong it will go wrong. Though you can store bank account passwords and credit card accounts in these tools, I suggest you don’t. No report has yet surfaced about any issues but it’s better to be safe than sorry.