I have not used LastPass password manager before, some people said it is also used for 2 factor authentication, but this is about people that are convenient to store their seed phrase, private key and password using a password manager that can connect online. The password manager uses vault to store people's information which are encrypted. In August 2022, hacker breached data of LastPass users, but can only be accessed using the password the users used to encrypt the data, said LastPass.
LastPass attacker stole password vault data, showing Web2s limitations
LastPass data breach led to $53K
stolen, lawsuit alleges
What do you think about this? Before hacker can have access to something, that means the vault is online. If something is online, it can be hacked. If a password manager is not offline, do not use it. I like to put my seed phrase on a paper, if you want it safer, you can use a steel backup for it, there are steels that you can buy to backup your seed phrase and it is not a waste of money.
If you are afraid of people not to see your seed phrase and steal it, keep your seed phrase in a very safe place but use passphrase to make it safer.
LastPass attacker stole password vault data, showing Web2s limitations
LastPass data breach led to $53K
stolen, lawsuit allegesWhat do you think about this? Before hacker can have access to something, that means the vault is online. If something is online, it can be hacked. If a password manager is not offline, do not use it. I like to put my seed phrase on a paper, if you want it safer, you can use a steel backup for it, there are steels that you can buy to backup your seed phrase and it is not a waste of money.
If you are afraid of people not to see your seed phrase and steal it, keep your seed phrase in a very safe place but use passphrase to make it safer.
I think it's a tough way to learn something we have been saying for a while. The less failure points the better, when you have your seed phrase stored online there is ONE failure point, you.