Cloud password platforms, such as LastPass or Dashlane, offer a convenient way to store and manage passwords for various online accounts. However, there are also risks associated with using these types of platforms. Here are a few potential drawbacks to consider:
- If the company that operates the cloud password platform suffers a data breach, your passwords could be compromised.
- If you lose access to your account (e.g. due to forgetting your master password), you may not be able to retrieve your passwords.
- If the cloud password platform goes out of business, you may lose access to your passwords.
- There is always a risk that someone could gain unauthorized access to your account, potentially exposing all of your passwords.
- Some cloud password platforms charge a subscription fee, which may not be cost-effective for everyone.
- Some people may be hesitant to trust a third party with their passwords, as it means relinquishing a certain level of control.
- If you use a cloud password platform, it is important to ensure that your master password is strong and unique, as this will be the first line of defense against unauthorized access. Avoid using a master password less than 12 characters long. Include special characters, upper and lower case plus numbers.
- You should also ensure that the platform uses secure protocols (such as two-factor authentication) to protect your account.
- It is a good idea to regularly review the passwords stored in your cloud password platform and update them as needed.
- If you are concerned about the security of storing your passwords in a cloud password platform, you may want to consider alternative options, such as using a password manager that is stored locally on your device or writing your passwords down in a secure location.