I won’t get into the technical details, but your information is generally safe even after breaches because the company doesn’t’ hold the encryption key to your data, you do (as your password). You may ask what happens if Lastpass or other password managers are hacked.

The only passwords you should keep outside of Lastpass are your lastpass password, your email(s) password, and your computer password.

Using a password manager guarantees a unique, strong password for each site. You should be using a unique, strong password for each site, but since that’s hard to remember, you should use a password manager like Lastpass. However, many people reuse passwords so stealing my reddit credentials would permit them to log into my bank account, email, etc. Ideally, getting my Reddit email/password combo would only allow someone to post a bad Fat Guide to r/fatFIRE, which would be a travesty but not disastrous. One of the reasons email/password credentials are so valuable to attackers is that most people reuse the same passwords for everything. You should move forward with the assumption that your information is out there, as that mindset will help you the most. You can check to see if your email is known to be compromised. This information is then used to harm you. A common method for attacks is that a website’s database gets compromised and your information is stolen, which could be passwords or credit card info. Good cybersecurity protection consists of prevention, so you don’t get owned, and monitoring, so you know when you’re owned and can take action to remediate the damage. Obviously, more skilled attackers who are targeting you specifically will get you eventually, so we won’t cover that. This is my perspective, as I have some expertise in the area.Īs a member of r/fatFIRE, you are a particularly juicy target for attackers, so this guide is written with the intent of preventing attacks from strangers and people you know. Note that cybersecurity practitioners disagree over best practices for personal cybersecurity. Cybersecurity is a critical component of financial security, but rarely discussed in personal finance circles.

Lastpass corporate account