Originally Posted by clewsy:
“Do you trust the password managers? Never have done as something tells me this is the sort of program any virus or backdoor would love to exploit? I guess its all a game of trust and what people do or dont.”
Yes, Lastpass uses a mix of encryption and 2 factor authentication with Google Authenticator for example, their are several other secure methods than can be used. The data they hold is only ever decrypted client side, so when you save your passwords to Lastpass they are uploaded to the cloud iin encrypted form. Even if that were compromised all hackerd would see is a bit of 0s and 1s. They take it seriously, and the setup I have with them gives me confidence. The methods available outstrip that of any other competitor like 1password. Their level of encryption supposedly equals or exceeds that of military level.
In my job we have a similar system when using laptops off site, its a keyring but attached to the laptop and my ID. Lastpass is far stricter, they email you when ang change happens to your password (most cases its you thats done it).
I will never say it can be breached, but I have confidence in them I pay the small fee each year for premium. Plus they are cross platform, on most main OS (even blackberry and windows phone).