How to Update a JAMS V7 Credential Password in PowerShell

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How do I update a JAMS Version 7.X Credential Password in PowerShell?

Utilizing the following PowerShell cmdlet, the password can be updated as well as saved to the JAMS Database:

$cd = get-item jams::localhost\Credentials\ChangeTest
$cd.Password = "NewSecretPassword"
$cd.Update()

 Enter the new password in the "NewSecretPassword" field.

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