I’ve long been puzzled by the enthusiasm many people have for password managers such as LastPass, which is my choice. Every once in a while I come across a situation in which I breathe a great sigh of relief knowing that I didn’t commit myself completely to a password manager. A few minutes ago is an example. I went to log on to Syncplicity. Normally LastPass would enter my ID and password automatically. However, suddenly, Syncplicity changed their logon screen. Now it asks only for my ID on a first screen. LastPass doesn’t recognize the new logon screen and fails to enter anything. After entering my ID manually, the screen is redrawn and asks for my password. Again, LastPass fails to enter anything. I am happy that I have used a low-level password there that I can remember easily. If I had used one more difficult to remember or, heaven forbid, allowed LastPass to create one for me, something truly random-looking, I would be totally at the mercy of LastPass. At this stage, I could go to my “vault” on the LastPass site and look up the password. But if something happened to LastPass or its site, I would be barred from Syncplicity forever.
I think passwords are a terrible measure for security. If you get too fancy with them in an effort to achieve ultimate security, you put yourself at risk of losing access to your data. If you use simple passwords, or re-use the same one at multiple sites, you put yourself at risk of being hacked.