Password Manager Statistics


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Steve Goldstein
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Password Manager Statistics 2023: Facts about Password Manager outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Password Manager, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Password Manager Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Password Manager Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 104 Password Manager Statistics on this page 🙂

Password Manager “Latest” Statistics

  • 2FA has expanded internationally, which is a victory for everyone; 83% of respondents from across the world are somewhat or very acquainted with 2FA.[1]
  • 43%, according to respondents from the UK, never disclose their passwords to anybody in their personal lives.[1]
  • 72% of respondents from Japan utilize 2FA for personal accounts compared to 52% for professional accounts.[1]
  • A majority of respondents, 64%, think employers should provide staff members with password managers to safeguard login information.[1]
  • The majority of U.S. respondents, 67%, think that a password’s security is more important than its memorability.[1]
  • Nearly 90% of respondents from across the world say they are somewhat or very acquainted with recommended practices for password security.[1]
  • A spouse being impacted by a data breach is the concern of almost one-third (31%), followed by a parent (20%) and a kid (18%).[1]
  • 31% of U.S. respondents in a 2021 survey reported having suffered a data breach in the previous year.[1]
  • 73% of respondents from Japan said businesses need to provide security equipment and training expressly for remote work.[1]
  • There is a nearly equal distribution of U.S. respondents who change their passwords once a month (37%) and those who seldom do so (30%).[1]
  • 74% of Japanese respondents said they are somewhat acquainted with recommended password security practices.[1]
  • Of the third of respondents from across the world who use password managers, the majority (51% began because they kept forgetting their passwords).[1]
  • Global Password Habits Statistics show more than 60% of respondents from around the world use passwords between 9-15 characters.[1]
  • Globally, 28% of respondents are most concerned that a data leak would impact their spouse or parent.[1]
  • A password manager is something that 33% of respondents worldwide would most want their spouse to start using.[1]
  • 35% of respondents worldwide expressed more concern about cyberattacks this year than they did last year.[1]
  • 68% of workers worldwide anticipate returning to the workplace, and the great majority, according to 83% of respondents from across the world, businesses need to provide security tools and train expressly for remote work.[1]
  • In Japan, 28% of people want their spouse or parent to start using a password manager, with 22% coming in second.[1]
  • 38% of respondents in the UK said they would want their spouse to start using a password manager the most.[1]
  • In the UK, respondents are about equally concerned about how a data leak may affect their parents (30%) and spouses (29%).[1]
  • 85% of respondents from the U.S. agree that businesses need to provide security tools and to train expressly for remote work.[1]
  • 45% of U.S. respondents said they never discuss passwords with friends and family.[1]
  • 41% of workers whose employers do not mandate password managers would want access to such software from their employers.[1]
  • Only 10% of Japanese respondents say they feel a data leak has harmed them, while another 16% say they are unsure or don’t know.[1]
  • Only 10% of Japanese respondents said they must change their passwords daily or frequently.[1]
  • 56% of those surveyed said employers need to provide staff members with password managers to safeguard login information.[1]
  • 60% of respondents from the U.S. say they are extremely aware of recommended practices for password security.[1]
  • 36% of U.S. respondents want their spouse to start using a password manager, with a parent coming in second with 18% of the vote.[1]
  • According to 68% of worldwide respondents, the security of a password is more crucial than its memorability.[1]
  • 83% of respondents from across the world, businesses need to provide security tools and to train expressly for remote work.[1]
  • According to 66% of respondents from Japan, they never disclose their passwords to anybody in their personal lives.[1]
  • While 44% of U.S. respondents had either somewhat or never heard of 2FA, compared to 56% who are extremely acquainted with it.[1]
  • There is no password manager that is 100% secure, but the same can be said about automobiles or other items.[2]
  • According to the Harris Poll, 62% of Baby Boomers and 74% of Millennials utilize the two-step authentication security feature.[3]
  • Statistics on password usage show that 24% of U.S. adults have also used the passwords: “abc123” and other variations.[3]
  • Up to 22% of persons in the U.S. have shared their Netflix or Hulu password with a spouse or relative.[3]
  • According to Avast’s study, 46% of people are highly concerned about having their credentials compromised, while 44% are just somewhat concerned.[3]
  • Although most computer users think password security is crucial, 51% of respondents said it is challenging to manage their many passcodes.[3]
  • In the U.S. business environment, up to 25 applications requiring unique passwords are used by 41.4% of organizations.[3]
  • 67% of Millennials had the same poor habit of using the same password for multiple accounts.[3]
  • According to password data from LastPass from 2020, 85% of security professionals do not need multifactor authentication.[3]
  • 44% of respondents are aware that individuals are ultimately responsible for protecting their personal information.[3]
  • Only 17% of those surveyed changed their passwords every few months, while 22.4% did it more than five times each year.[3]
  • 33% of individuals who do so provide their pet’s name, 22% give their own name, and 15% give their spouse’s name.[3]
  • According to the Ponemon Institute’s state of password and authentication security behaviors report, 43% of respondents have recently modified how they handle passwords.[3]
  • Stronger passwords are a common adjustment as a result of data breach news and hacking statistics, 47%, and more frequent password changes, 43%.[3]
  • Nearly 30% of respondents said they had too many passwords to count when asked how many they had.[3]
  • 75% of individuals turn to a simple change when common passwords like passwords or football are refused.[3]
  • Despite the fact that just 44% of Gen-Z are aware of what phishing is, 71% believe they could spot it and prevent it.[3]
  • 10.8% of people use the same default password for all or almost all of their accounts.[4]
  • 65.3% of the 869 participants who responded to this question stated that security, particularly generating unique and complicated passwords, is their top priority.[4]
  • There are just too many accounts for 29% of the 999 respondents to know exactly how many they have accounts that need passwords.[4]
  • “Ilovef00tball” is just one of the highly difficult passwords/phrases employed by 55.8% of the 884 respondents to this question.[4]
  • 49.3% of respondents to this question in our poll claim they sometimes reuse passwords, but only for insignificant or non-critical accounts.[4]
  • 17% of people change their passwords every few months, or around three to four times each year, while 22.4% change their passwords more than five times per year.[4]
  • According to 46% of employees, the firm shares login information for accounts that many people use.[5]
  • To their credit, 40% of german respondents manually type a separate password for each account they have.[5]
  • An alarming 31% of users have not updated their passwords for any online services they have been using recently.[5]
  • 19% of French people use only one or two passwords across all or almost all of their internet accounts.[5]
  • 44% of employees use the same passwords for their home and business accounts.[5]
  • Only 7% of online game users have changed their passwords in the last year, making them the least secure.[5]
  • Password breach statistics according to the most recent data on cybercrime, password trojans make up 1.67% of Android malware.[5]
  • 33% of survey participants from Spain and Germany switch between 5 and 10 passwords.[5]
  • Only 11% of people change their passwords following a breakup, even though 57% of people share their passwords with a significant other.[5]
  • 14% of workers, according to TechRepublic 2021, have shared their work passwords with a partner.[5]
  • 20.1% of people in that age bracket don’t even know what a password manager is, and 37.4% of them don’t utilize this service.[6]
  • People in the poll said that 46% were very anxious, and 44% were just a little concerned about someone guessing their passwords.[6]
  • Malicious assaults often result from compromised credentials, accounting for 61% of breaches.[6]
  • More than 60% of individuals don’t frequently change their passwords, leaving potential attackers unprotected.[6]
  • Users perceive 2FA techniques employing SMS or mobile authentication applications to be cumbersome in 23% of cases.[7]
  • According to LastPass, multifactor authentication is used by workers in 57% of all firms worldwide.[7]
  • 42% of respondents to the HYPR survey relied on memory to keep track of their work passwords, which is an intriguing finding.[7]
  • 75% of people altered how they safeguarded their accounts and handled passwords, while a considerably smaller number changed neither.[7]
  • According to a Ponemon Institute survey, 55% of users and IT professionals would choose a different form of account protection over one that uses passwords.[7]
  • Password dumper malware was the most prevalent form of malware found, accounting for almost 40% of malware.[7]
  • When it came to business passwords, the percentage was somewhat lower, but it was still well over half, 57% of users who needed to update their work passwords within the same time period.[7]
  • Using an app was the least preferred method of managing passwords, with 26% of people using one for work and 30% for personal accounts.[7]
  • Multifactor authentication, which involves using two or more distinct factors to authenticate and authorize a user, is used by 37% of workers in the technology and software industries.[8]
  • Malicious assaults accounted for 52% of data breaches, with each breach costing an average of $4.27 million.[8]
  • 66% of compromised credentials in 2020 were email addresses with the term invoice or the phrase invoices in them.[8]
  • Employee utilization of password management solutions rises by 30% when mobile password management is enabled.[8]
  • More than a year after a data breach, expenditures accounted for 39% of an organization’s budget in 2020.[8]
  • MFA is used by 33% of workers in the education sector and 32% of those working in banking or finance.[8]
  • Only 32% of Americans were able to accurately describe two-step verification and phishing password managers.[8]
  • The most prevalent virus, password dumper malware, was responsible for 40% of malware-related breaches in 2020.[8]
  • 33% of Americans don’t regularly update their security software, despite 79% of Americans saying it’s crucial to do so.[8]
  • Password managers are not trusted by 65% of Americans.[9]
  • 10% of people indicated they use multifactor authentication MFA to secure their accounts rather than a password manager.[9]
  • 21.1% of participants reported having their financial accounts, including their bank accounts, credit cards, and PayPal, compromised.[9]
  • 20.1% of respondents in this age range said they don’t use password managers because they are unaware of what they are, compared to 12% of respondents aged 35-54 and 14.1% of respondents aged 18-34.[9]
  • Other than not presently using one, 48.4% of people claim that nothing would persuade them to do so in the future.[9]
  • Even though password managers are available to assist users in remembering this information, just 22.5% of Americans actually use one.[9]
  • 19.3% of security breaches were due to email attacks, while 18.8% of respondents reported having their social media accounts compromised.[9]
  • A data breach of some kind, such as hacking a crucial account, identity theft, or financial losses, would persuade 35.8% of respondents to start using a password manager.[9]
  • Just 7.9% of those polled said they would think about using a password manager if they couldn’t remember their passwords.[9]
  • To remember their passwords, over 40% of poll participants said they write them down on paper, while 22% said they keep them on their phone or another device.[9]
  • 19.4% of people in the 18–34 age group do not consider using the same password or a variant of the same password to be problematic, as opposed to 14% of those in the 35–54 age group and 14.1% of people over the age of 55.[9]
  • 28% of respondents would use a password manager if it were free, and 22.6% of respondents stated they would try one based on import ability and shareability.[9]
  • Americans repeat passwords across many websites, and 49% of U.S. respondents said they manage their passwords only from memory.[10]
  • Compared to around 1 in 4 respondents internationally, 31% of respondents in the U.S. reported experiencing a data breach in the previous 18 months.[10]
  • MFA is widely used nowadays, with 79% of U.S. respondents reporting using it for business accounts and 77% for personal accounts.[10]
  • Americans are still 44% more likely than anyone worldwide to use a password manager.[10]
  • Almost one-third of Americans had their identity or internet credentials taken, and another 13% weren’t sure whether they’d been hacked.[11]
  • At least 29% of Americans experienced identity theft or the theft of their online credentials in the last year alone, according to our password management data.[11]

Also Read

How Useful is Password Manager

Password managers are essentially tools that help users remember and store all their various passwords in one secure location. These tools often come with features like password generation, auto-fill forms, and password encryption to ensure the security of our accounts. By using a password manager, users can have unique, complex passwords for each of their accounts without the hassle of trying to remember them all.

One of the most significant benefits of using a password manager is the added level of security it offers. With cyber threats on the rise, having weak or easily guessable passwords is a significant cause of concern for many individuals. By using a password manager to generate and store unique, complex passwords, users can significantly decrease the risk of falling victim to hacks, phishing attacks, or identity theft.

Moreover, password managers save time and reduce frustration for users. Instead of having to remember numerous passwords for various accounts, users only need to remember one master password to access their password manager. With auto-fill features, users can effortlessly log in to their accounts without having to type in their passwords each time. This not only saves time but also reduces the frustration of trying to remember or reset passwords constantly.

Additionally, password managers can also improve overall online security hygiene. Many users tend to use the same password across multiple accounts, making them more vulnerable to security breaches. By using a password manager, users are encouraged to create unique passwords for each account, which enhances their overall security posture and reduces the risk of a compromised account leading to a domino effect on other accounts.

Despite these benefits, some critics argue that password managers themselves can be a single point of failure. If a user’s master password to their password manager is compromised, it could potentially give a hacker access to all their accounts. To mitigate this risk, it is crucial for users to choose a strong master password, enable two-factor authentication, and regularly update their password manager software.

In conclusion, the usefulness of password managers in enhancing our digital security cannot be overstated. These tools offer a convenient way to manage our passwords, improve our overall security hygiene, and save time and frustration in our daily online activities. While they may not be foolproof and users should still practice good security habits, the benefits of using a password manager far outweigh the potential risks. As technology continues to evolve, password managers will likely play an increasingly critical role in safeguarding our online identities.

Reference


  1. bitwarden – https://bitwarden.com/resources/world-password-day-global-survey-full-report/
  2. cybernews – https://cybernews.com/best-password-managers/are-password-managers-safe/
  3. dataprot – https://dataprot.net/statistics/password-statistics/
  4. digitalguardian – https://digitalguardian.com/blog/uncovering-password-habits-are-users-password-security-habits-improving-infographic
  5. financesonline – https://financesonline.com/password-statistics/
  6. webtribunal – https://webtribunal.net/blog/password-stats/
  7. comparitech – https://www.comparitech.com/blog/information-security/password-statistics/
  8. pandasecurity – https://www.pandasecurity.com/en/mediacenter/tips/password-statistics/
  9. passwordmanager – https://www.passwordmanager.com/password-manager-trust-survey/
  10. pcmag – https://www.pcmag.com/opinions/a-plea-for-password-management-best-practices
  11. security – https://www.security.org/digital-safety/password-manager-annual-report/

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