Password managers are becoming more popular, which is a good trend. Security professionals recommend this approach as one way to avoid becoming a victim of a widespread digital identity theft attack. But do people need some sage advice on do's and dont's when it comes to choosing and using password managers? This attack on LastPass' system is a timely manner that we should not store our password vault in the cloud.
LastPass has had to patch a flaw in one of its browser extensions that could have enabled hackers to steal passwords from users after visiting a malicious website. LastPass is a popular password manager which stores encrypted passwords in private accounts. It offers free and paid-for versions.