To securely store sensitive data in managed packages, follow these security requirements: 1. **Protected Custom Settings or Metadata**: Use protected custom settings or metadata API fields to store sensitive data like API keys, passwords, or cryptographic keys securely. 2. **Encryption**: Encrypt sensitive data stored in custom objects and keep the encryption key in a protected custom setting or hidden custom metadata API field. Configure permissions properly for fields containing encrypted secrets. 3. **Named Credentials**: Use named credentials for locally generated or per-org secrets, but note that administrators can view these, so they may not be suitable for all use cases. 4. **Avoid Public Visibility**: Do not store sensitive data in public custom settings, objects, or metadata to prevent access by untrusted code or other packages. 5. **Secure Coding Practices**: Use Apex Crypto calls for encryption, avoid logging sensitive data in debug logs, and use the `transient` keyword to prevent storage in viewstate when updating protected custom settings. 6. **Web Service and Callout Code**: Protect fields used as authenticators in web service or callout code using the above mechanisms. 7. **Compliance with Standards**: Adhere to enterprise security standards, such as using AES-128 or higher encryption for server-side secrets and secure storage mechanisms for client-side applications. These practices help mitigate risks and comply with Salesforce's security review requirements.