LastPass (and basically any other password manager) is still more secure than your homegrown password scheme.

Following LastPass's announcement that user information had been compromised, I am seeing a lot of chatter in my Twitter feed the last couple of days about how this news proves that password managers are a bad idea.

This sort of argument strikes me as being as misguided as the people who justify their refusal to wear a seatbelt by claiming that they are worried about being trapped in a crashed car.

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