The multi-factor authentication (MFA) you encounter when signing into an online password account will also not be able to protect these vaults as they’ve already been stolen from behind the company’s security. Vaults with weak master passwords are at a greater risk. Hackers were able to download the encrypted vaults, and now hackers only need to crack each vault’s master password - which can be accomplished by a computer in just a few hours when master passwords aren’t strong, unusual, and unique. This is what happened to LastPass users late last year. If they can break into these servers and steal millions of password vaults, they could potentially access every password of every user and then use those passwords to access bank accounts, email accounts, etc. Password managers that store the data of millions of users in a central cloud, their proprietary cloud, are a honeypot for hackers. Why do hackers target vendor-hosted, cloud-based password managers? With Enpass, it’s impossible for your data to be stolen in a LastPass-style breach, where hackers attacked a single cloud server containing the passwords of every LastPass user. But these concerns can be alleviated when you understand how to better protect your sensitive data by using a password manager like Enpass, which syncs your data without sending anything to Enpass servers. These security breaches can naturally make anyone nervous about the safety of their data. LastPass and Norton Password Manager were recently hacked, which has raised concerns about the security and reliability of using such tools to store sensitive information. Disturbing reports of high-profile data breaches involving popular password managers have become more frequent.
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