There are pros and cons to using a password manager [view related posts]. The biggest pro is that it helps keep all of our passwords organized and safe. The biggest con is that if the password manager is compromised, and the master password gets into the wrong hands, all of our passwords are compromised.
Password management company LastPass has been tackling several security incidents over the past few months. On August 25, 2022, LastPass informed its customers that it discovered unusual activity within its environment and determined that “an unauthorized party gained access to portions of the LastPass development environment…and took portions of source code and some proprietary LastPass technical information.” At that time, LastPass assured customers that their Master Password had not been compromised and didn’t recommend any action.