How to Choose the Best Password Manager: Security Features That Matter

In this episode of The Backup Wrap-up, Curtis and Prasanna discuss how to choose the best password manager in light of recent security breaches. They examine the LastPass hack that resulted in $150 million of stolen cryptocurrency and what that teaches us about password manager security.

The hosts break down the critical security features to look for in the best password manager, including encryption strength, iteration counts, multi-factor authentication options, and passkey support. They emphasize that even with the LastPass breach, using a password manager is still far safer than not using one at all.

This episode provides practical guidance on evaluating password manager security beyond the standard feature comparisons, with specific recommendations for cryptocurrency users and insights into the technical aspects of password vault protection.

Here are some references for today's episode:

https://www.rubrik.com/blog/company/25/rubrik-information-security-team-update

https://www.bleepingcomputer.com/news/security/ransomware-gang-encrypted-network-from-a-webcam-to-bypass-edr/

https://krebsonsecurity.com/2023/09/experts-fear-crooks-are-cracking-keys-stolen-in-lastpass-breach/

https://krebsonsecurity.com/2025/03/feds-link-150m-cyberheist-to-2022-lastpass-hacks/