We love cloud storage but cloud password storage has its risks

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:

  1. If the company that operates the cloud password platform suffers a data breach, your passwords could be compromised.
  2. If you lose access to your account (e.g. due to forgetting your master password), you may not be able to retrieve your passwords.
  3. If the cloud password platform goes out of business, you may lose access to your passwords.
  4. There is always a risk that someone could gain unauthorized access to your account, potentially exposing all of your passwords.
  5. Some cloud password platforms charge a subscription fee, which may not be cost-effective for everyone.
  6. Some people may be hesitant to trust a third party with their passwords, as it means relinquishing a certain level of control.
  7. 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.
  8. You should also ensure that the platform uses secure protocols (such as two-factor authentication) to protect your account.
  9. It is a good idea to regularly review the passwords stored in your cloud password platform and update them as needed.
  10. 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.