Password Manager Statistics 2024 - Everything You Need to Know

Are you looking to add Password Manager to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Password Manager statistics of 2024.

My team and I scanned the entire web and collected all the most useful Password Manager stats on this page. You don’t need to check any other resource on the web for any Password Manager statistics. All are here only 🙂

How much of an impact will Password Manager have on your day-to-day? or the day-to-day of your business? Should you invest in Password Manager? We will answer all your Password Manager related questions here.

Please read the page carefully and don’t miss any word. 🙂

On this page, you’ll learn about the following:

Best Password Manager Statistics

Best Password Manager Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 196 Password Manager Statistics on this page 🙂

Password Manager Usage Statistics

Their usage is most common among couples who are living together; 35.4% of those who are cohabitating use a password manager, compared to 21.5% of single people. ^[0]
According to password usage statistics, other combinations that have been used by 24% of US adults include “abc123,” “password,”. ^[1]

Password Manager Software Statistics

Google found that those in the 50+ age range are more likely to use different passwords for their online accounts and view security software updates as very important. ^[2]
( While 79% of Americans said keeping their security software up to date is very important, 33% don’t update theirs regularly. ^[3]
37% of employees in technology and software businesses use multi factor authentication —the use of two or more separate factors in verifying and authorizing a user. ^[3]
16% of malicious data breaches in 2020 were caused by a vulnerability in third. ^[3]

Password Manager Adoption Statistics

In 2004, Bill Gates predicted the death of the password as he envisioned the mass adoption of more secure systems such as Two. ^[2]
According to the Ponemon Institute report mentioned above, there are complaints about 2FA, which could explain why adoption rates aren’t growing even quicker. ^[2]
What’s more, the adoption of MFA by businesses in the country increased dramatically from six percent to 29 percent. ^[2]
According to this year’s research, 4 out of 5 American adults are not using these protective platforms, while millions are open to adoption. ^[4]

Password Manager Latest Statistics

I. Nearly 58% of Americans have experienced a data breach. ^[0]
According to our survey, 21.1% of respondents have had a financial account breached, including banking, credit cards, and PayPal. ^[0]
Email hacks accounted for 19.3% of all security breaches, while 18.8% of respondents said they’ve had a social media account breached. ^[0]
Equifax data breach , which affected over 140 million Americans, was highlighted as well 7.7% of respondents selected this data breach as a way their personal information was stolen. ^[0]
85% of people know that using the same password is risky. ^[0]
Our survey found that 19.4% of individuals aged 1834 don’t believe that using the same password or a variation of the same password is risky, compared to 14% of those aged 35 54, and 14.1% of those 55 and older. ^[0]
Yet, nearly 25% of people use the same password, or a variation of the same password While the majority of people know that using the same password or a variation thereof is risky, 23.5% of survey respondents said they do it anyway. ^[0]
Twentynine percent of 1834 yearolds reuse passwords, compared to 24.9% of 3554 year olds, and 18.7% of people aged 55 and over. ^[0]
Nearly 40% of survey respondents said they write their passwords on paper to remember them, while 22% said they store passwords on their phone or another device. ^[0]
Meanwhile, 30% of respondents said they rely solely on their memory. ^[0]
Despite the fact that password managers exist to help people keep track of this information, only 22.5% of Americans use a password manager app. ^[0]
65% of Americans do not trust password managers A lack of trust is the most common reason why people do not use password managers, according to our survey. ^[0]
Thirty four percent of respondents said they worry that their password manager could be hacked, while 30.5% said they don’t trust password manager companies with their information. ^[0]
37.4% of whom said they don’t use a password manager for this reason. ^[0]
Also among this age group, 20.1% of respondents said they don’t use a password manager because they didn’t know what a password manager is, compared to 12% of 3554 yearolds, and 14.1% of 1834 year. ^[0]
About 10% of individuals said, rather than use a password manager, they use multi factor authentication to protect their accounts. ^[0]
Beyond not currently using a password manager, 48.4% of individuals say that nothing could motivate them to use one in the future. ^[0]
Experiencing some type of data breach, including getting an important account hacked, or experiencing identity theft or financial losses, would motivate 35.8% of people to start using a password manager. ^[0]
Twenty eight percent of respondents said they would use a password manager if it were free, while 22.6% said they would try a password manager based on shareability and importability. ^[0]
However, only 7.9% of those surveyed said they would consider using a password manager if they couldn’t rely on memory alone to keep track of their passwords. ^[0]
Equally concerning were Google’s findings that almost a quarter of Americans have used some variation of the following weak passwords abc123, Password, 123456, Iloveyou, 111111, Qwerty, Admin, and Welcome. ^[2]
This is reiterated by Google’s findings of the 27 percent of Americans who have tried to guess someone’s password, 17 percent have guessed it correctly. ^[2]
Granted, 57 percent of these shared it with a significant other, which makes the statistic easier to digest. ^[2]
However, only 11 percent change their password after a breakup. ^[2]
This could explain why in California 10 percent of survey participants have the password of an ex partner or former roommate or colleague. ^[2]
What’s more, 22 percent have shared their password for a streaming site, 17 percent for a social media platform, and 17 percent for an online shopping account. ^[2]
This is in spite of the fact that 40 percent admit their personal information has been exposed online, 47 percent have lost money due to compromised information, and 38 percent have sacrificed time as a result of a data breach. ^[2]
Another surprising revelation was that password reuse was more common for IT professionals than for other individuals. ^[2]
IT professionals were also almost as likely as other individuals to share passwords with others. ^[2]
One of the more shocking statistics was that after experiencing an account takeover, 75 percent of individuals changed the way they protected their accounts and managed passwords, but a much lower percentage of IT specialists did the same. ^[2]
The Ponemon Institute report found that 55 percent of individuals and IT specialists would like to protect their accounts by an alternative method that doesn’t involve the use of passwords. ^[2]
65 percent of IT professionals and 53 percent of individual users believe biometrics offer better security. ^[2]
Another 2019 Google study in conjunction with Harris Poll found that 13 percent of people reuse the same password across all accounts, and a further 52 percent use the same one for multiple online accounts. ^[2]
Only 35 percent use a different password for every account. ^[2]
This is corroborated by other studies including a 2019 HYPR study that says 72 percent of people reuse passwords for their personal accounts. ^[2]
According to the HYPR report, 37 percent of people deal with more than 20 passwords, and that’s just in their personal life. ^[2]
19 percent also have more than 10 passwords for their work life. ^[2]
One interesting find in the HYPR study was that lots of people rely on memory to manage their work passwords. ^[2]
The figure was quite a bit lower for personal passwords at 35 percent. ^[2]
32 percent admitted to using a list of work passwords and 35 percent did the same for personal passwords. ^[2]
Using an app was the least favorite password management system, with 26 percent using one for work and 30 percent for personal accounts. ^[2]
This number was quite a bit lower when it came to work passwords, but still, well over half had required a work password reset in the same time period. ^[2]
Media and advertising companies are by far the most likely to reuse passwords, with an average of a whopping 22 reuses per password. ^[2]
In a 2019 blog post, Microsoft manager Alex Weinert stated, “Based on our studies, your account is more than 99.9% less likely to be compromised if you use MFA.”. ^[2]
According to Duo Labs’ 2019 State of the Auth report, which surveyed users in the US and UK, 77 percent of respondents had heard of 2FA. ^[2]
This figure had jumped from 44 percent just two years prior. ^[2]
Even better, while in 2017 only 28 percent of respondents were using 2FA, by 2019, this figure had almost doubled to 53 percent. ^[2]
*Note that a US focused Google study found that a significantly lower portion of people were familiar with 2FA. ^[2]
According to LastPass, 57 percent of global businesses have employees who use multi. ^[2]
This figure is 12 percent higher than in 2018. ^[2]
23 percent of users find 2FA methods involving mobile authentication apps or SMS to be inconvenient. ^[2]
More than half of these feel they interrupt workflow and almost half are irritated by having to copy and paste temporary codes. ^[2]
Almost a quarter of employees access their password manager vaults on their phones. ^[2]
See also Best VPN for Australia Google found that only 55 percent of polled users could correctly define the terms “password manager” and “two. ^[2]
Somewhat more concerning is that only 60 percent of users could correctly define the term. ^[2]
“phishing” and a mere 32 percent knew what all three terms meant. ^[2]
One example, according to Google, is that 16–24 year olds are more likely to use 2FA and regularly install application updates. ^[2]
While they might not be as quick to use 2FA or install application updates, it seems that older people are more likely to be savvy when it comes to password use. ^[2]
According to the Verizon 2020 Data Breach Investigations Report, 506 of the breaches studied involved malware. ^[2]
The most prominent type of malware observed was password dumper malware which was involved in almost 40 percent of malware. ^[2]
This equates to an estimated 45 million people. ^[4]
Nearly one third of Americans had their identity or online credentials stolen in the past year, with another 13 percent unsure whether they’d been hacked. ^[4]
Among those who suffered a password oridentity theft, only 10 percent were using a password manager at the time. ^[4]
Our password manager research demonstrates that impact at a personal level at least 29 percent of Americans had their identity or online credentials stolen in the past twelve months alone. ^[4]
41% Written on paper 30% Saved in my browser 24% Saved in a digital note file 23% Reuse the same few passwords 20% Password manager. ^[4]
Percentage who experienced identity theft in past year Saved in a digital note file 35% Reuse the same few passwords. ^[4]
31% Saved in my browser 30% Written on paper 28% Password manager 16%. ^[4]
Mobile phone 77% Laptop or desktop computer 75%. ^[4]
Bitwarden 8% Google Chrome password manager 8% Apple Keychain password manager 7%. ^[4]
2% Sticky Password 1% RoboForm 1%. ^[4]
Main reasons people use password managers Can’t remember all my passwords 71% Apply logins across different devices 51% Generate/save complex passwords 45% Manage apps with multiple logins. ^[4]
34% Ease of one master password. ^[4]
Not sure I need one 51% Don’t know how they work. ^[4]
38% Difficult to set up 34%. ^[4]
Other concerns included difficulty of use and cost. ^[4]
Nearly half of those willing to consider a password vault had a credential potentially stolen in the past 12 months, compared to only 32 percent of those stating they’ll never use one. ^[4]
Additionally, 13 percent of current password manager users signed up after suffering a recent theft. ^[4]
Our personal, professional, and financial information reside behind passwords that 60 percent of Americans track with their memory or paper notes. ^[4]
75% of Americans say they feel frustrated trying to maintain and keep track of their passwords. ^[3]
( 24% of Americans have used the word “password,” “Qwerty” or “123456” as their password. ^[3]
( 43% of Americans have shared their password with someone. ^[3]
( 20% of Americans have shared the password to their email account. ^[3]
( Only 37% of Americans used two factor authentication to secure their passwords in 2020. ^[3]
( Only 34% of Americans say they change their passwords regularly. ^[3]
( Just 15% of Americans use an online password manager. ^[3]
( 66% of Americans use the same password across multiple online accounts. ^[3]
( 27% of Americans have tried to guess someone else’s password, and 17% of them were able to guess correctly. ^[3]
( 13% of Americans reported reusing their password across all their accounts in 2019. ^[3]
( Only 32% of Americans were able to correctly define “phishing,” “password manager” and “two. ^[3]
( 42% of organizations rely on sticky notes for password management. ^[3]
59% of organizations rely on human memory to manage passwords. ^[3]
62% of organizations say they don’t take the necessary steps in properly securing mobile data. ^[3]
52% of data breaches were caused by malicious attacks, and each breach costs an average of $4.27 million. ^[3]
Of those, 47% have lost money as a result. ^[3]
( 38% of Americans say they’ve lost time because of a data breach. ^[3]
( Only 45% of Americans say they would change their password after being hacked. ^[3]
In 2020, data breach costs took up 39% of an organization’s budget more than a year after the breach. ^[3]
80% of hacking related breaches are caused by stolen and reused credentials. ^[3]
Password dumper malware is the most prominent type of malware, which caused 40% of malware related breaches in 2020. ^[3]
80% of hacking related breaches are linked to passwords. ^[3]
Email addresses containing the words “invoice” or “invoices” accounted for 66% of breached credentials in 2020. ^[3]
33% of employees in education use MFA and 32% of banking or financial employees use MFA. ^[3]
On the lower end, only 20% of employees in legal or insurance businesses use MFA. ^[3]
Enablingmobile password managementincreases employee use of password management systems by 30%. ^[3]
Large businesses are more likely to use multi factor authentication —87% of businesses with 10,000 employees or more use. ^[3]
Mid sized organizations with 5,000 to 10,000 employees saw a 7% increase in the total average cost of a data breach, amounting to $4.72 million in 2020. ^[3]
Nation state attackers are responsible for 13% of malicious data breaches. ^[3]
There has been a 24% increase in the number of data breaches caused by malicious attacks since 2014. ^[3]
7% of malicious data breaches in 2020 were caused by an internal member of the organization. ^[3]
14% of malicious data breaches in 2020 were caused by phishing. ^[3]
53% of malicious data breaches were financially motivated in 2020. ^[3]
The motivation for 21% of malicious data breaches is unknown. ^[3]
Hacktivistscaused 13% of malicious data breaches in 2020. ^[3]
According to the latest password statistics, seven out of 10 people know the consequences of bad passwords and password breaches, both in personal and business environments. ^[1]
Even though the majority of computer users believe that password protection is important, 51% of respondents admit that managing their multiple passcodes is difficult. ^[1]
Saving passwords in a browser (32%) or in spreadsheets (26%). ^[1]
Respondents also admitted to manually jotting passwords down in a notebook or on a sticky note (26%). ^[1]
So it is completely understandable that nearly 40% of users reset at least one password per month. ^[1]
It has found that Millennials are in this bad habit too; 67% of them rely on a single password for a number of accounts. ^[1]
Some 60% of people from this age group have a habit of password recycling. ^[1]
While only 44% of them understand what phishing is, 71% think they would be able to recognize it and avoid it. ^[1]
According to latest password stats, a computer processor is used to remember passwords for 97 accounts that media managers and advertisers use. ^[1]
71% of accounts are protected by passwords used on multiple websites. ^[1]
Unfortunately, almost 60% of US adults have this bad habit. ^[1]
Out of those who do it, 33% use a pet’s name, 22% include their own name, 15% put down the name of their partner. ^[1]
Kids’ names are also in the mix, with 14% of US adults using them in their passwords. ^[1]
Other frustrating aspects of safeguarding accounts are answering security questions (35%), entering usernames and passwords (29%), entering a PIN on a phone (19%). ^[1]
When typical passwords like “password” or “football” get rejected, 75% of people resort to a simple alteration. ^[1]
According to weak password statistics, changing “a” to “@” in “p@ssword” or “o” to “0” in “fo0tball” doesn’t make your password that much better. ^[1]
This is even more surprising since 40% of Americans have already had their personal information compromised online, and 38% say they lost time due to a data breach. ^[1]
Avast’s research shows that 46% would say they are “very worried” about somebody hacking their passwords, and 44% are “a little worried.”. ^[1]
Very few people are not concerned; 8% are “not particularly worried,” while 2% are “not worried at all.”. ^[1]
Ponemon Institute’s survey of more than 1,700 IT practitioners suggests that people are more likely to fall for a phishing scam in their personal lives than in a business environment. ^[1]
According to Harris Poll, 74% of Millennials use it, while 62% of Baby Boomers follow the two step authentication security feature. ^[1]
Nearly 30% of all passwords consist of eight characters while six character passwords are in second place and account for just under 20% of the total number. ^[1]
10% of Californians still have access to a password that belongs to an ex lover, former roommate or colleague. ^[1]
As many as 22% of US adults have given their Netflix or Hulu password to a partner or family member. ^[1]
The second most shared password is for email accounts (20%) followed by social media (17%) and shopping accounts (17%). ^[1]
When asked how many passwords they have, almost 30% of respondents said, “too many to count.”. ^[1]
About 14% of internet users have more than 25 password protected accounts, and 28% of respondents have between 11 and 25. ^[1]
Another 30% of internet users said they have less than 10 accounts that require a password. ^[1]
Only 17% of respondents change their passwords every few months, while 22.4% change them more than five times a year. ^[1]
The State of Password and Authentication Security Behaviors Report compiled by the Ponemon Institute shows that 43% of respondents have recently changed the way they manage passwords. ^[1]
The change, mostly brought on by data breach news and hacking statistics, usually entails stronger passwords (47%) and more regular password updates (43%). ^[1]
Many users inject some variation of their city name into their password with “abu”, a likely reference to the UAE capital, being used more than 2.3 million times, we learned from the latest international password statistics. ^[1]
In the US corporate world, 41.4% of companies use up to 25 apps that require individual passwords. ^[1]
Luckily, 44% of respondents realize they are the ones who have the primary responsibility for keeping their information safe. ^[1]
And 1% of internet users think the US government should take care of this matter. ^[1]
’s password statistics from 2020 indicate that 85% of security specialists do not require multi. ^[1]
According to McAfee’s digital password statistics, an average person has 23 online accounts that require a password. ^[1]
24% of Americans have used passwords like “password,” “Qwerty,” and “123456”. ^[5]
67% of all Americans use the same password for different online accounts. ^[5]
90% of internet users are concerned about having their passwords compromised. ^[5]
53% of people rely on their memories to handle passwords. ^[5]
According to a study of over 15 billion passwords, the typical password length is eight characters or fewer. ^[5]
Compromised credentials are the most common cause of malicious attacks, accounting for 61% of breaches. ^[5]
More than 60% of workers use the same password for their job and personal apps. ^[5]
59% of Americans use a person’s name or a family member’s birthday as a password. ^[5]
Eight character passwords account for almost 30% of the 15 billion passwords analyzed in a study. ^[5]
Six character passwords amount to just under 20%. ^[5]
More than 60% of people don’t update their passwords regularly, leaving the door open to attackers. ^[5]
37.4% of that age group don’t use this service and 20.1% don’t even know what a password manager is. ^[5]
These percentages are lower in younger generations—12% among 3554 yearolds and 14.1% for 1834 year. ^[5]
It is estimated that over 300 billion passwords are currently in use, which equates to around 38.4 passwords per internet user. ^[5]
46% of people in the study reported being “very concerned” and 44%—“a little concerned” about someone cracking their passwords. ^[5]
Very few people have peace of mind—8% claimed they were “not overly concerned,” while 2% were “not concerned at all.”. ^[5]
76% of people aged 18 to 24 are likely to reuse a password. ^[5]
People above the age of 65 hold second place with 62%. ^[5]
Granted, 57% of these people shared it with a significant other. ^[5]
However, just 11% change their login credentials after a divorce. ^[5]
Recent password stats show that 69% of respondents confess to swapping passwords with coworkers. ^[5]
According to recent password stats, workers reuse their login credentials an average of 13 times. ^[5]
While a score of 52% is fair, it shows a need for more effective policies and training so organizations can surpass the benchmark. ^[6]
Out of 2.2 billion unique passwords, that’s about 7%. ^[7]
Even if it is just a recognition of their birth city, adding that to their passwords would most likely indicate some sort of appreciation for the city, unless it’s something like “ihatephiladelphia2020!”. ^[7]
Surprisingly, this accounted for only 1.9%, with about 42 million uses. ^[7]
Here, “ice” could refer to “ice cream” or “iced tea” – but since “cream” isn’t in the top 10, it’s most likely the beverage. ^[7]
For example, only 42 percent are using separate passwords to access multiple accounts; 17 percent of respondents have between two to five passwords they reuse across accounts; and 4 percent use a single password across all accounts. ^[8]
Additionally, less than a quarter of respondents use an encrypted password manager which many consider best practice; 30 percent are using high risk strategies such as writing their passwords down in a notebook. ^[8]
The study shows that consumers struggle with maintaining their current passwords as 28 percent reported abandoning an online purchase because they forgot login information, and 26 percent reported being unable to check an account balance. ^[8]
Forgotten usernames and passwords even affect new account openings, 13 percent said that it has stopped them from opening a new account with an existing provider. ^[8]
The study found that the majority of respondents would open a checking or mobile phone account online, while an overwhelming majority of respondents said they would open a credit card account online. ^[8]
The five most widely used security alternatives are Onetime passcode via SMS One time passcode via email. ^[8]
One time passcode delivered and spoken to mobile phone. ^[8]
However, according to statistics, the cost for a single password manager costs under $40. ^[9]
Here are the top 200 most common passwords according to the 2021 research. ^[10]

I know you want to use Password Manager Software, thus we made this list of best Password Manager Software. We also wrote about how to learn Password Manager Software and how to install Password Manager Software. Recently we wrote how to uninstall Password Manager Software for newbie users. Don’t forgot to check latest Password Manager statistics of 2024.

Reference

passwordmanager – https://www.passwordmanager.com/password-manager-trust-survey/.
dataprot – https://dataprot.net/statistics/password-statistics/.
comparitech – https://www.comparitech.com/blog/information-security/password-statistics/.
pandasecurity – https://www.pandasecurity.com/en/mediacenter/tips/password-statistics/.
security – https://www.security.org/digital-safety/password-manager-annual-report/.
webtribunal – https://webtribunal.net/blog/password-stats/.
lastpass – https://www.lastpass.com/state-of-the-password/global-password-security-report-2018.
cybernews – https://cybernews.com/best-password-managers/most-common-passwords/.
helpnetsecurity – https://www.helpnetsecurity.com/2020/05/18/use-password-manager/.
identitytheft – https://identitytheft.org/password-managers/.
nordpass – https://nordpass.com/most-common-passwords-list/.

How Useful is Password Manager

One of the main benefits of using a password manager is convenience. With so many online accounts requiring unique and complex passwords, it can be challenging to keep track of them all. A password manager allows users to store all their passwords in one centralized location, often protected by a master password or biometric authentication. This not only makes it easier to access passwords when needed but also eliminates the need to remember multiple login credentials.

Furthermore, password managers can help improve security by generating strong, unique passwords for each online account. Many users fall into the habit of using the same password or slight variations of it across different accounts, which can pose a significant security risk. Password managers eliminate this risk by creating complex passwords that are difficult to guess or crack, reducing the likelihood of an account being hacked.

In addition to enhancing security, password managers also offer features such as password strength meters, password change reminders, and two-factor authentication options. These tools further assist users in maintaining the security of their accounts and reducing the likelihood of falling victim to a cyber-attack.

Another advantage of using a password manager is the ability to securely share passwords with trusted individuals, such as family members or colleagues. This eliminates the need to send sensitive information via unsecured channels like email or messaging apps, reducing the risk of passwords being intercepted by cybercriminals.

Moreover, some password managers offer a digital wallet feature that allows users to securely store payment information and sensitive documents. This can simplify online shopping and bill payments while ensuring that financial information remains protected from unauthorized access.

While password managers offer numerous benefits, some users may be concerned about the security of their sensitive information stored within the application. It is essential to choose a reputable password manager with robust encryption protocols and regular security updates to minimize the risk of a data breach. Additionally, users should adopt best practices such as employing multi-factor authentication, regularly updating their master password, and avoiding public Wi-Fi networks when accessing their password manager.

In conclusion, the use of a password manager can significantly enhance online security and streamline the management of multiple login credentials. By generating strong, unique passwords, offering secure sharing options, and providing additional security features, password managers have become valuable tools for individuals seeking to protect their digital identities. However, selecting a reliable password manager and following best practices are essential to maximizing the benefits of this software application and safeguarding sensitive information effectively.

In Conclusion

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We tried our best to provide all the Password Manager statistics on this page. Please comment below and share your opinion if we missed any Password Manager statistics.

Password Manager Statistics 2024 – Everything You Need to Know