Note: Most password managers store your master password locally or on a server, but they can’t read the password because it’s encrypted. When you want to change to a different password manager app, simply export your data (if the app has this feature), delete your account, and you’re good to go. You should take other security measures to ensure your login data is kept under tight security like using two-factor authentication for your valued accounts, setting lock screens on all devices, and using devices that you trust. With a password manager, you’ll get a better combination of convenience and security than you would without one, but that doesn’t mean it’s a magic pill. Many of us use weak passwords or reuse the ones we already have on multiple accounts, which dispose us to identity theft and other crimes. This is why it’s important to have a strong and unique password for all the apps, websites and services you log into. Their attempt was unsuccessful because LastPass can’t access each user’s password vault, neither does it have their master passwords, meaning the passwords stay encrypted and locked down in your vault. The goal was to access its password vaults, and though the hackers managed to get into the LastPass servers, they couldn’t get through to steal user passwords. You probably even heard of the LastPass hacking attack that happened in July 2015, which put their systems to the test. With all the recent cases of identity theft and security breaches happening around us, one would wonder whether using a password manager is more secure than keeping your sensitive login credentials to yourself.
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