SACRAMENTO, Calif., Nov. 15, 2016 /PRNewswire/ -- 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. Logo - http://photos.prnewswire.com/prnh/20161114/439189LOGO 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.