PasswordWrench™ announced today the launch of its patent-pending password management solution which protects individuals' and corporations' confidential information, reducing online identity theft. PasswordWrench™ offers a unique, secure password manager system that helps users create and recall complex passwords, making it nearly impossible for criminals to hack information.
Currently, over 15 million people in the U.S. have their identities stolen each year and with recent hacks into Yahoo!, Dropbox, LinkedIn and other major databases. This number continues to grow, leaving over 100 million people's information vulnerable. Globally, Kaspersky Labs reportedly estimates over 1.8 billion accounts have been compromised.
"Hackers accessed personal information from at least half a billion Yahoo! accounts, compelling users to immediately change their passwords. Increased identity and database hacks have left corporations and individuals more vulnerable than ever," says Patrick Tardif, founder of PasswordWrench™. "Everyone's susceptible to threats - anything from a hacker uncovering a user's passwords at a coffee-shop, to stealing their online identity, to hacking corporate sites' confidential information. PasswordWrench™ mitigates those risks and keeps digital data safer than any other system available."
Typical password management solutions store passwords in the cloud and when systems are penetrated, hackers can gain access to sensitive information, including client email addresses, password reminders and encrypted versions of master passwords. PasswordWrench™ differs from other password managers as it never stores users' managed passwords; therefore, passwords are not vulnerable to hackers. PasswordWrench™ believes the best way to keep passwords truly secure is to not share them with ANY third party, including password management systems.
PasswordWrench™ generates a password card with random letters, symbols and numbers. Users are then guided to recall these complex passwords without PasswordWrench™ storing the actual passwords online. This unique program is the safest way to manage passwords without having to remember strings of random characters or upload passwords to third-party websites. For additional protection, users can download a physical copy of the password card or easily access their cards online.
The PasswordWrench™ system protects against:
1) Weak password threats;
2) Keylogger threats;
3) Hidden camera threats;
4) Insider threats; and
5) Guesswork/brute-force threats.
PasswordWrench™ employs top security protocols by encrypting all data across all communication channels, all data delivered to the end browser and then setting, everything behind firewalls. PasswordWrench™ uses top-level encryption technologies including AES 256 bits, RSA, SSL/TLS and more.
PasswordWrench™ offers a free plan to individuals and customizable packages for businesses at: https://www.passwordwrench.com.