I read other posts, but none of them seemed to cover my main concern as password managers being a single point of failure.
What exactly is the difference of using **(A)** the same 25-long password for all my important logins (email, banks, personal documents), and **(B)**, a 25-long password as the master key to my password manager with different keys to my individual logins?
A malicious user would take the same amount of time to crack that 25-long password in my password manager and my bank account. In scenario A the attacker would crack the password and have access to my other logins (since they are all the same), and in scenario B the attacker would crack my password manager, therefore exposing all my other logins. So what exactly is the difference here?
I understand password managers help the general population in the sense of enforcing a stronger password. But if you already use a very strong password (i.e. 25 characters) for all your log-ins, I don’t really understand the difference to having a password manager, where I would use that same password as the master key, which technically leads to the same catastrophic scenario.
Help me understand.
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Every website you make an account on gets your password every time you log in. What if one of your banks gets hacked and reports your password to criminals? Then the criminals can try your username and your password on your email provider, your other banks’ websites, and everything else you use. If they get in successfully, they can wreck lots of things for you.
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