Lisa Plaggemier, executive director at the National Cybersecurity Alliance in Washington D.C., put it rather well. Still, I’d rather memorize just one very hard password than assign easy-to-remember, easy-to-guess passwords to my bank account, credit cards, medical records, and countless other critical files. Worse yet, if somebody steals or guesses the master password, they’ve got the keys to your entire kingdom. Lose it, and you lose access to all your passwords.
These programs all still have one critical weakness - the user’s master password. Password managers also make it easy to generate new passwords and instantly file them for future use. I can access those passwords from my phone, and from any Internet-connected computer. They’re vital security tools, because they make it easy to attach very strong passwords to all my online accounts. On the other hand, I won’t give up on password managers. The price isn’t bad - $36 a year - but an insecure security service isn’t worth a dime. The last straw for me was a notice that my premium subscription was up for renewal. I’ve been a subscriber for over a decade, and in that time, the service has been plagued by multiple hacks and software bugs. Besides, this isn’t the first security lapse at LastPass. The company, a spinoff of Boston-based software firm GoTo, deserves credit for honesty. But what really bothers me is that we’re just hearing about this, months after LastPass reported the original hack. This new information shows that the bad guys’ efforts to infiltrate the company were sophisticated and relentless.
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