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by kafrofrite 928 days ago
I'll try my best to explain everything (trying to avoid too much security lingo, hopefully).

A password manager is a big database of passwords. There is a master password that decrypts the database and from there you can use your passwords. Notice that hashes are one-way operations thus not used in password managers. The benefits of using a password manager are that that users need to remember and handle only one password, that of their password manager, the rest of the passwords are unique and can be rotated quickly. Ideally, your password manager does a few more things, including taking precautions against leaving traces of passwords in memory etc.

There's another part of commercial password managers which is mostly convenience functionality. Passwords are synced across devices, specific members access specific passwords etc.

Some people do use local password managers, depending on their threat model (i.e., who's after them) and their level of expertise/time on their hands. Setting up something locally requires taking additional precautions (such as permissions, screen locks etc.) that are typically handled by commercial password managers.

Reg. Okta, Okta is an identity provider. In theory, identity providers can provide strong guarantees regarding a user, i.e., "I authenticated him thus I gave him those token to pass around". Strong guarantees can include a number of things, including Multi-factor Authentication, VPN restrictions etc.

Funny story: during an internal red team engagement on a previous employer of mine, we took over the local password manager of a subset of the security org, twice. The first time, they had a VNC, unauthenticated, with the password manager running and the file unlocked. The second time, a team conveniently used Git to sync their password manager file, with their password tracked.