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More than $35 million has been stolen from over 150 victims since December — ‘nearly every victim’ was a LastPass user (www.theverge.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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More than $35 million has been stolen from over 150 victims since December — ‘nearly every victim’ was a LastPass user::Security experts believe some of the LastPass password vaults stolen during a security breach last year have now been cracked open following a string of cryptocurrency heists

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[–] Holyginz@lemmy.world 1 points 1 year ago (1 children)

Is there any reason to use a password manager over just an excel spreadsheet?

[–] Tibert@compuverse.uk 18 points 1 year ago (2 children)

The excel spreadsheet can be read by anything. And if someone gets hold of it either through malware or access to the computer, they get all your passwords.

A password manager allows to store the passwords in an encrypted file. The file being encrypted, if the password is strong, may not be accessed easily or fast enough to be worth the effort.

[–] aram855@feddit.cl 0 points 1 year ago (1 children)

So then why not use pen and paper and be done with it? It's basic opsec

[–] Tibert@compuverse.uk 3 points 1 year ago

It's a solution, but very inconvenient. There is also no backup, in case of destruction.

It is also not encrypted. So anyone stealing it can read it.

A password manager is great for storing sensitive information like password in a secure way, at least if the master password is good enough. And the password manager isn't a shitty one (Lastpass). The online password managers allow syncing, and also often can export a file.

Local password manager can also produce an encrypted backup file which can be stored on a server. While also offering some convenience to log in and storing many random passwords.