eli5 Password manager apps

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I‘d not consider myself technologically unsavvy but I can‘t really understand how a password managing app on my phone can keep my passwords safe?
By that I don‘t mean what kind of encryption technology is used, I just can‘t believe that I really CAN trust a company not giving/selling all my passwords (or losing them to a hack).
That‘s also the reason why I never use apples pw manager for example.

Am I overly cautious? Is it safe to store my passwords in a pw manager app?

Maybe someone that understands the technology/encryption behind such apps can help me

In: Technology

15 Answers

Anonymous 0 Comments

Most people are hacked because they use the same username/email and password against multiple sites. So if a site leaks your password a hacker might take that email and password and try it on any number of sites to see if it works through automated scripts. This makes it very easy for hackers to have access to multiple accounts that were technically never leaked. A password manager protects you from this type of attack, because you can have randomly generated passwords unique for each application.

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