After resetting the password of the service account used by the Password Manager service, the service fails to start. When verbose logging is enabled, the following error is recorded in the service log:
This error indicates that the Password Manager service is unable to decrypt the password stored in the share.storage file. The Windows DPAPI-protected credentials were tied to the previous service account password and cannot be decrypted under the new password context.
RESOLUTION 1 - Revert the password change
share.storage and local.storage files.
RESOLUTION 2 - Reinitialize Password Manager
share.storage and local.storage files located under the C:\ProgramData\One Identity\Password ManagerPMAdmin and initialize the Password Manager instance.© 2026 One Identity LLC. ALL RIGHTS RESERVED. Terms of Use Privacy Cookie Preference Center