The organization is competing against some established competitors in the space, including LastPass, which offers a password management tool that you can log in to password-free via the LastPass Authenticator, and use a built-in generator to create strong passwords. A look at the password management marketīitwarden is one of the biggest providers in the password management global market, which researchers expect will reach a value of $2.9 billion by 2027, as more users and organizations attempt to manage passwords more proactively. In practice, Bitwarden provides users with a virtual space to store their passwords, alongside features like credential autofill, automatic password generation and password strength scoring, to help manage the security of their passwords more effectively at scale to reduce fatigue. This helps businesses avoid breaches and ransomware, and helps individuals avoid identity theft.” “Bitwarden helps companies and individuals stay protected with strong and unique passwords for all their online accounts. “Password management has become a required part of every company’s security stack,” said Michael Crandell, CEO at Bitwarden. While some providers are responding to this threat landscape by looking at eliminating login credentials altogether, organizations like Bitwarden remain determined that better password management holds the answer to protecting users from these types of threats. Research reveals that 81% of companies within the FTSE 100 had at least one credential compromised and exposed on the dark web, with a total of 31,135 stolen and leaked credentials detected for these companies. This inevitably makes it easier for cybercriminals to conduct account takeover attempts in an extremely punishing threat landscape. In fact, NordPass estimates that each person needs to manage 80-100 passwords, making it mentally exhausting to create strong and unique passwords for each online account.Īs a result, many users resort to reusing credentials and selecting weaker passwords to make it easier to log in to their online accounts. People don't understand how many combinations you're getting when you get over 12 truly random characters and it gets exponentially harder every character you add.This is unsurprising when considering the high volume of accounts that users juggle. When you start to go over 20 you find many either stop you or truncate which causes all kinds of issues in the future. ![]() I find that most take 14 or 16 characters of alphanumeric passwords just fine. ![]() I also get tired of dealing with every websites password requirements. Since we don't know how many websites store passwords online the password being unique for every website is the most important factor. You could have 100 character long passwords but if the site is storing them in plaintext it doesn't matter and the only person you're annoying is yourself. I rarely go over 20 characters as it's not needed, plus at 22 characters you're at 128 bits of entropy which is just secure enough. But I don't reuse this password anywhere else.įor important accounts I use at least 14 characters of uppercase, lowercase, and numbers. Netflix is not that important so use whatever that is easy to enter, so 2 random words and a number is fine. ![]() With this I make passwords based on how important they are. What matters the most for online accounts is that every password is unique and never reused anywhere else. Sure someday we will have new and improved encryption and hashing functions that offer 512 bits of security and then it may make sense to have longer passwords but we aren't there today and having a longer password today will not help when that day comes (you would need to regenerate/re-encrypt).Ģ0 characters is very secure and more than adequate until quantum computers are more accessible. You will come across some people here that say they use 999 character passwords for the extra security but they don't understand how the encryption/hashing/kdfs work - you gain nothing in security going beyond 256 bits of entropy. Of course this assumes a randomly generated password and not one you create yourself using your own magic system. I personally use 42 because it gives 257.418 bits of entropy, and with Bitwarden's design you max out the security at 256 bits (before you take into account any known vulnerabilities in any of the algorithms). If you use avoid ambiguous characters you get 6.022 bits per character which doesn't change things much (120.44 vs. So 20 characters would give you 122.58 bits of entropy - a very secure password. Using Bitwarden's password generator (letters, numbers, special characters) you get 6.129 bits of entropy per lettter.
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