All Password Managers Can Be Hacked: Is That True

Password manager applications were created to keep user passwords away from the prying eyes of online predators and greatly increase online security. They provide a secure and convenient way of storing and managing passwords, account credentials, and other valuable data.

But what if password managers themselves become a cybercriminals' target? Well, it makes sense. It’s more profitable to steal thousands of passwords that are stored in your password managers than to snatch only one Facebook password, isn't it? 

Storing all your passwords and other sensitive info in one place is like putting all your eggs in one basket. Is that basket solid enough? Can you trust it with all your passwords?

Well, in this piece, we are going to answer these and the following questions:

• Can password managers be hacked?
• Can you trust Passwarden with your passwords?
• How can you make your password manager stronger?

Can password managers be hacked

Unfortunately, yes.

While cybersecurity technologies are rapidly evolving, hackers and scammers improve their crooked skills as well. The recent security researches highlighted that any password manager isn’t able to guarantee 100% security. Almost every code can be hacked, almost every encryption can be brute-forced, and almost every piece of data can be decoded and read. So, nowadays the main question while picking a password manager is How can this password manager defend against cybercriminals?

Password managers are safer than their alternatives

Well, if no password manager can guarantee 100% security, why should you use them? Perhaps, it’s better to get started with password managers alternatives? Let’s deal with this tricky question.

There are not so many alternatives to password manager applications. You can count them on the fingers of one hand:

• Unsecured text file stored on your device
• USB flash drive that can be easily lost or stolen
• A piece of paper (if this paper is under your keyboard, it’s a jackpot for thieves)
• Your memory

Whichever of these options you choose, don’t be surprised if your passwords get compromised. The first three points are self-explanatory. A text file can leak passwords if your device gets hacked and a USB flash drive and a paper piece can be easily lost or stolen.

But what’s wrong with memorizing passwords? Nothing. The greatest danger is that it might be difficult to remember all your passwords, which could lead to the idea of reusing several similar passwords over and over sounding great.

But actually, it isn’t great. Using the same password for more than one account greatly increases the risk of getting compromised. Why? Because cracking a 10-character password may take more than 10 years, but checking if an already stolen password is used for several services will take a few minutes. Guess what a hacker is to do first!

Using different easy-to-remember, but weak passwords is no better because such passwords are easy-to-guess and easy-to-brute-force. Check out this page and learn how long it takes to brute force an 8-character password with lowercase letters only. The answer will surprise you!

After all, despite all their flaws, password managers are aimed to safeguard your passwords, while its alternatives can’t guarantee even 10% of security. Therefore, using an unprotected text file or a piece of paper instead of encrypted password storage is unfair and unreasonable.

How secure is Passwarden by KeepSolid

Passwarden is the technological backbone of secure data storing and sharing. It is a safe password manager created by professionals with more than 7-year experience in security. The app provides state-of-the-art encryption protocols and high-reliability security algorithms. Thus, you won’t have to worry about the security and confidentiality of your passwords.

Passwarden is a part of the MonoDefense security bundle.

Passwarden encryption strength

Our reliable password manager implements the military-grade AES-256 and ЕС р-384 encryption protocols. Also, to ensure maximum privacy, Passwarden implements client-side encryption. It means that all encryption algorithms run on the user’s device and your data is only visible to you and from your account. If any unauthorized parties get lucky to intercept your information, they won’t manage to decipher it.

Two complex passwords are on guard

Passwarden requires two different passwords to access your profile: KeepSolid ID password and Master password.

• KeepSolid ID password

It is your key to all our security and productivity solutions and to the User Office - a personal control center where you can easily manage all your subscriptions.

This password provides strong verification to protect your account from being hacked. If anyone tries to brute-force this password or we detect any suspicious activity, we temporarily block your KeepSolid account to safeguard your data.

• Master password

A Master password is your Passwarden account password. This password reliably protects all your Passwarden data and takes a crucial part in the encryption and decryption processes.

If any cybercriminals intercept your traffic, they won’t be able to decipher it without your Master password. So, you can be sure that all the data you store in your Passwarden account is untouchable at all times.

Wondering why Passwarden requires both KeepSolid ID and Master Password? Check out this page to learn more.

2FA to make your password manager stronger

Regardless of whether your KeepSolid ID and Master passwords are complex, they could be compromised using keyloggers or clipboard data theft. These attacks work by copying your passwords and sending them to the attackers.

How can you defend against this type of attack? Enable two-factor authentication for your Passwarden account and ensure that all your passwords, account credentials, and other valuable data are secure from the sticky fingers of hackers and other cyber malefactors.

Two-factor authentication is a rock-solid shield to safeguard the user’s account and all valuable data inside the application. It uses two different types of authentication: something you know - your KeepSolid ID and Master password, and something you have - a one-time passcode sent to your email address, for instance.

Make sure to check out how two-factor authentication protects your Passwarden account.

The bottom line on password managers security

• Can password managers be hacked? - Yes, they can.
• Does it mean you should stop using them? - No, you shouldn’t.
• Can you make your password manager stronger? - Yes, you can enable two-factor authentication for extra protection.
• And finally: Can you trust Passwarden with your passwords? - We do our best to keep your passwords safe and secure, so the answer is definitely yes!