Password reality

We have hundreds of accounts out there all requiring a password. Many now expect fancy passwords – those ones that are impossible to crack and impossible to remember.

So the temptation is to reuse passwords, or to write them down somewhere, or to use something very easy to remember.

And then you have to share passwords with other people, and then you need to remember to change the passwords later, which is even more annoying because you had only just managed to remember the current password.

LastPass To The Rescue

LastPass is a password vault application. It will:

There is a free version and a premium version. I signed up for the premium version because it gave me access on my Android.

LastPass Strengths

LastPass has allowed me to have strong (i.e. hard to crack) passwords that are unique to each site and I don’t have to remember a single one of them.

LastPass has allowed me to share these passwords with other people. This has been awesome when it came to outsourcing my web sites and content. I have been able to provide access to other people without having to give them the password. And then when they finished I simply deactivated their access.

It has a great group feature which has allowed me to have multiple passwords automatically shared with a number of people.

I have paid for the full version and I can access my passwords from my phone and when browsing on my phone. That has been awesome.

LastPass Weaknesses

While LastPass is awesome for web sites, it isn’t designed for applications. Technically that’s probably impossible, but I’m just making it clear that LastPass is really designed for your online browsing.

It can remember these passwords for you, but you will need to manually add them, and manually retrieve them from the vault. So it’s there, just not automated.

The biggest weakness is also its strength. I can surf the internet and automatically log into sites, which then means if someone jumped onto my computer they could do the same. I have my credit card details stored in it. I have online accounts.

LastPass does have extra features like expecting you to re-enter your master password but that’s the tradeoff – speed and convenience or security. I’m just warning you that convenience comes at a price – security.

I also didn’t like the way that I couldn’t move a site that has already been shared into a group for sharing. It’s a small thing, but it has been really annoying.

LastPass for business owners

LastPass is a must. It simplifies the remembering of passwords, improves your online security, and as your business grows allow you to share access to sites with other users without necessarily giving away passwords.

LastPass Tips

1. Don’t add your banking details to it. I’m assuming you only have a couple of bank accounts. My recommendation is to keep them away from everything else, or have a second LastPass account just for them. That way if someone does gain access to your LastPass account, they won’t have access to your bank accounts.

2. Plan groups before you start adding passwords. Think in terms of roles (e.g. web designer, purchasing, sales) so that you can easily provide access to many sites at once.

3. Give thought to which sites will be auto-logins, and which sites you want to re-enter your master password each time. These are the two extremes of the ease of use and safety spectrum. Use them both wisely.

Try LastPass Now

Want to try LastPass for yourself? Click here to go to lastpass.com.