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I would never use a online service or an application to store a password... it's like running with scissors... For financial sites you should consider getting the RSA dongle or something similar.
So if LastPass is hacked and you had an account that could 1-click order, sell/send/trade cash that a valid password was used, would LastPass cover any financial lost?
I don't think I adequately communicated how LastPass and 1Password works.What happens is that the "password store" (where your passwords go) is encrypted with your "master password". The master password is not actually stored anywhere -- it's something you have to remember. Only the encrypted password store is synchronized, copied, or backed up anywhere. But it's encrypted.They use something called asymmetric cryptography which is able to encrypt and decrypt data without the computer needing to store a copy of the master password.A hacker can hack LastPass all day long and steal all of the encrypted password data. But the master password is never stored at LastPass, so the hacker would not have the key to unlock the password store.If you want an explanation in more detail, just let me know.
IMO one the best features is having it generate a unique, nasty password for various sites and then never having to remember it. One of the worst things folks can do is use the same password on multiple places. The scumbags send out phishing email saying your password on sss site has been compromised and you should visit the via the 'secure' link provided to reset it. Presto, they have a set of credentials and then just start trying them on various places. What is sad is this is far too successful.
if your computer had a key logger, remote desktop hacked, or any number of ways there are to track what one is typing.
A key fob changes every 45 seconds or so, so as long as you log out, that account is still secure, unless they crack they key fob.
... so as long as you log out, that account is still secure...
I also don't have any of my financial accounts online.