Chad Butler

This plugin is a password generator that creates random passwords with using words, numbers, and special characters.
Default random passwords can be difficult to for users to use (and remember – if they don’t change it). WordPass simplifies this process by using words to create passwords. Passwords will be generated in the style of 2*Kayak29, 2Bigcranium2#, or %36POTATOE6.
This plugin works with WordPress as well as with any plugin that uses the WordPress password generation function.
WordPass allows you to create a custom list of words to be used in password generation.
The plugin will create random passwords from your word list and apply numbers as well as capitalization. How these settings are applied can be set in the plugin’s settings. The recommended setting is “random” for best security.
Note: this plugin is great for membership sites where subscribers or low level users need easy to remember passwords. But you should use secure (and possibly more complex) passwords for higher level users, especially administrators. Use common sense in the application of this plugin!

WordPass

Creates word-based passwords for WordPress.

Ivan

The Google Authenticator plugin for WordPress gives you two-factor authentication using the Google Authenticator app for Android/iPhone/Blackberry.
If you are security aware, you may already have the Google Authenticator app installed on your smartphone, using it for two-factor authentication on Gmail/Dropbox/Lastpass/Amazon etc.
The two-factor authentication requirement can be enabled on a per-user basis. You could enable it for your administrator account, but log in as usual with less privileged accounts.
If You need to maintain your blog using an Android/iPhone app, or any other software using the XMLRPC interface, you can enable the App password feature in this plugin, 
but please note that enabling the App password feature will make your blog less secure.
<h3>Credits</h3>
Thanks to:
<a href="https://profiles.wordpress.org/evinak/" rel="nofollow ugc">Oleksiy</a> for a bugfix in multisite.
<a href="https://github.com/pancek" rel="nofollow ugc">Paweł Nowacki</a> for the Polish translation
<a href="https://github.com/FabioZumbi12" rel="nofollow ugc">Fabio Zumbi</a> for the Portuguese translation
<a href="https://www.guidoschalkx.com/" rel="nofollow ugc">Guido Schalkx</a> for the Dutch translation.
<a href="https://www.paypal.com/cgi-bin/webscr?cmd=_donations&business=henrik%40schack%2edk&lc=US&item_name=Google%20Authenticator&item_number=Google%20Authenticator&no_shipping=0&no_note=1&tax=0&bn=PP%2dDonationsBF&charset=UTF%2d8" rel="nofollow ugc">Henrik.Schack</a> for writing/maintaining versions 0.20 through 0.48
<a href="http://tobias.baethge.com/" rel="nofollow ugc">Tobias Bäthge</a> for his code rewrite and German translation.
<a href="http://blog.pcode.nl/" rel="nofollow ugc">Pascal de Bruijn</a> for his “relaxed mode” idea.
<a href="http://technobabbl.es/" rel="nofollow ugc">Daniel Werl</a> for his usability tips.
<a href="http://dd32.id.au/" rel="nofollow ugc">Dion Hulse</a> for his bugfixes.
<a href="https://profiles.wordpress.org/users/aldolat/" rel="nofollow ugc">Aldo Latino</a> for his Italian translation.
<a href="http://www.kaijia.me/" rel="nofollow ugc">Kaijia Feng</a> for his Simplified Chinese translation.
<a href="http://www.buayacorp.com/" rel="nofollow ugc">Alex Concha</a> for his security tips.
<a href="http://jetienne.com/" rel="nofollow ugc">Jerome Etienne</a> for his jquery-qrcode plugin.
<a href="http://orizhial.com/" rel="nofollow ugc">Sébastien Prunier</a> for his Spanish and French translation.

Google Authenticator

Personally I feel 2FA should be a part of WordPress core. But since it isn't, plugins like this one are a must-have to secure your sites.

The configuration interface is clearly layed out and the login page fits in perfectly with the default WP login page styling.

This plugin is light-weight, unobtrusive, free and adds that extra layer of security. Should your admin credentials ever be compromised, 2FA will keep your site secure.

Must-have security plugin

Awesome plugin, which is almost always in first group of plugin I've install on new website. Thank you for create and maintain it.

One on few my first-to-install plugin

Google Authenticator for your WordPress blog.

WordPass vs Google Authenticator