Why do I need a password vault?
Unfortunately, security breaches are becoming more and more common, and it’s almost impossible to keep your information safe without the help of an online vault.
According to the 2017 Verizon Data Breach Report, 81% of breaches are due to weak or reused passwords. Passwords are the weak link when it comes to your online security – mostly because they are hard to remember. Your password vault eliminates this problem and allows you to store and use unique, strong passwords.
This is particularly important for businesses as employees have so many account logins to remember, and they often need to share passwords between coworkers. There is no good way to do this securely without storing this information in a password vault.
How secure is the LastPass vault?
At LastPass security is our number one priority. With local-only encryption, your data is encrypted and decrypted at the device level. Data stored in your vault is kept secret, even from LastPass.
Your master password, and the keys used to encrypt and decrypt data, are never sent to LastPass’ servers, and are never accessible by LastPass.
We are also SOC 2 Type II compliant. This detailed review of our controls and processes is a “gold standard” for confirming the security and reliability of LastPass.