Critical Vulnerabilities In Web-Based Password Managers Found
An anonymous reader writes A group of researchers from University of California, Berkeley, have analyzed five popular web-based password managers and have discovered vulnerabilities that could allow attackers to learn a user's credentials for arbitrary websites. The five password managers they analyzed are LastPass, RoboForm, My1Login, PasswordBox and NeedMyPassword. "Of the five vendors whose products were tested, only the last one (NeedMyPassword) didn't respond when they contacted them and responsibly shared their findings. The other four have fixed the vulnerabilities within days after disclosure. 'Since our analysis was manual, it is possible that other vulnerabilities lie undiscovered,' they pointed out. They also announced that they will be working on a tool that automatizes the process of identifying vulnerabilities, as well as on developing a 'principled, secure-by-construction password manager.'"
I think there's a difference between "being willing to accept the risk of my credit card(s) being compromised on the internet" and "being willing to accept the risk of every account password I have being compromised on the internet". I essentially have insurance to help me recover losses from my credit cards. Having every bank account and retirement account drained by an enterprising criminal with access to all of my account and personal details is on a completely different risk level.