Why are password managers considered good security practice when they provide a single entry for an attacker to get all of your credentials?

Question

Why are password managers considered good security practice when they provide a single entry for an attacker to get all of your credentials?

In: Technology

Answer 1

Because in reality most people are just making a notepad file with all their passwords in clear text. The company’s red team finds those all the time.

A password manager is miles better than the current practice. You can’t micro-manage people and every single file they have on their computer so you propose them a simple solution where they only need to remember one strong password for a program you can actually manage and implement security measures upon (encryption, 2FA, etc…)