Kubernetes Secrets are used to store sensitive data such as OAuth tokens, SSH keys, passwords, and other confidential information, allowing for secure segregation of this data from application code. However, storing secrets in Kubernetes can pose security risks if not managed properly, including exposure through unauthorized access or malicious cyberattacks. To mitigate these risks, best practices for managing Kubernetes Secrets include enabling encryption at rest, configuring role-based access control (RBAC) rules to restrict access, and using a centralized secrets store for easy management. Additionally, leveraging third-party secrets management services such as AWS Secrets Manager, Azure Key Vault, and HashiCorp Vault can provide advanced features for secure storage and rotation of sensitive data. By following these best practices and utilizing the right tools, developers and cluster administrators can keep their Kubernetes Secrets safe and secure.