How Do I Back Up LastPass?

I’ve long recommended password managers like Roboform and LastPass to keep track of passwords for all online accounts. Besides offering an incredible level of convenience, these tools give you a greater level of security by making it practical to use truly long and complex passwords and generate different ones for every site.

But, as with all things relating to security, there are risks.

For example, what happens if you forget your LastPass master password? Master passwords cannot be recovered. While there are a couple of options that might regain access to your password vault, the worst-case scenario is that you lose the vault  — and everything in it — forever.

Not to keep beating the same old drum, but the best solution is very simple.

Back up.

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Are Password Managers Safe?

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Recently I tried to use RoboForm for an account at a large financial institution, but I couldn’t get it to work. In response to my inquiry, this institution said they do not permit log in using credentials that are stored on software because the security of the password could become jeopardized if my computer were hacked, invaded, etc. Is this true? Am I safer not to use tools like RoboForm?

Some believe using password managers represents a single point of failure. Very technically, they are correct: if someone gains access to your password manager, they have access to everything in it.

Not-so-technically, I strongly believe they are seriously misguided.

Using a password manager is significantly safer than the alternatives.

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