It uses the industry-standard AES 256-bit encryption and also offers multi-factor authentication (MFA) which lets users access their account using a smartphone or fingerprint. LastPass is a browser-based password manager with extensions for Chrome, Firefox, Safari, Opera, and Edge as well as Android, iOS, and Windows phone apps. By the time it was bought by SaaS company LogMeIn in 2015, it had grown to seven million users supported by just 30 employees.

LastPass was created in 2008 by four developers tired of having to encrypt and decrypt their password document every time they updated it. We looked at over a dozen password managers and chose the best based on reputation, ease of use, additional security features, quality of free plans, cost, and more. Many also analyze the strength of passwords, monitor accounts for data breaches, and provide secure private browsing networks. Password managers let users create hard-to-break passwords and automatically log in to websites without having to remember those passwords. The average cost of a data breach to a company is $4.24 million, says IBM's Cost of a Data Breach Report 2021. But with more and more personal and financial data being stored online, the need for complicated passwords and secure ways to store them has given rise to the password manager.Īccording to Keeper Security, over 81% of data breaches are due to weak password security. There was a time when most people could get by with a handful of easy-to-remember passwords. Read our advertiser disclosure for more info. We may receive compensation if you visit partners we recommend.

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