Why are password managers considered good security practice when they provide a single entry for an attacker to get all of your credentials?

Question

Why are password managers considered good security practice when they provide a single entry for an attacker to get all of your credentials?

In: 21390

Answer 1

I work in tech support. One day a lady calls in because after a phone update, her third-party password manager app stopped working. The app developer decided to stop supporting the app after the phone software update, and there is no option to roll back the phone software. Needless to say, she lost all her logins and passwords that she entrusted to this app, and there was nothing anyone could do about it.