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Text version of this tutorial:
http://www.wpbeginner.com/plugins/how-to-stop-users-from-sharing-passwords-in-wordpress/
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Summary of this Tutorial:
Start by installing and activating the Prevent Concurrent Logins plugin.
It works out of the box without settings to configure.
Now if you log in at two different locations or in two different browsers you will be logged out of the first session.
Related Links:
Prevent Concurrent Logins