What is the purpose of a password manager?

The purpose of a password manager is to securely store and manage passwords for different accounts. This functionality is crucial in today’s digital landscape, where individuals often have numerous accounts across various platforms, each requiring unique and complex passwords to enhance security. By using a password manager, users can generate strong passwords, securely store them in an encrypted database, and easily retrieve them without needing to remember each one. This approach not only simplifies access to accounts but also significantly reduces the risk of password reuse and the potential for account breaches.

While the other options present related concepts, they do not embody the primary function of a password manager. For instance, auto-generating usernames is not a core function typically associated with password managers. Monitoring internet usage and creating security questions also fall outside the scope of what a password manager offers, focusing instead on account access management and security credentials.