So what do we do? what about all those bank transactions and credit cards? its all done in computer and software. Military? Government data?
Government data is leaked all the time. At least in my country. Banks have high security measures and can be held responsible for money loss. I mean it’s why we give them our money in the first place. And there is a reason why in Military, planes, atomic reactors still use floppy discs and DOS.
Regarding passwords the weakest point is the end user, the consumer.
A ton of people don’t care about it at all, look at the most popular passwords.
Another ton of people save them in their browsers. And a growing number is using password managers thanks to apples keychain and 1Passwords popularity.
As you yourself pointed out it’s a matter of trust. I don’t trust companies in general so I don’t see a reason to store my precious data on a server. So local vaults. There are no hackers that target single computers without a good reason.
Using FOSS is another good way to protect yourself because you can easily use ChatGPT to check the code for malicious parts yourself without any knowledge of programming.
Do we know how Agilebits is storing our data? Can we see if the data is encrypted at all? I mean they could promise anything and just save it in plain text. We wouldn’t know.
Do I trust google? Or Mozilla? Or Apple? No. But I trust Mozilla more than Google. I trust Apple more than Microsoft. And I’m having a hard time trusting a company that is building upon broken promises, deleting critical forum posts and is trying to persuade their customers that a server is much saver than a personal vault, that Electron is better than native apps, that subscription is better than 1 time payment.
Look at any company in the world. There is a certain point where big investors with big money enter the game. And this is almost always the point where a company changes its course away from their customers into monetizing. Because investors want to see growth, they want to get their investment back. Take a close look at the gaming industry, like Blizzard, EA, Ubisoft,…
Take a look at the beer industry… or tools, clothing… no matter. They start to reduce costs everywhere which means that their products gets worse. And then they try to monetize every part of their product. Electron is in no way better than a native app, except it’s better for them. It’s cost effective because it’s an ugly browser, imho the worst browser because it’s Ressource hungry.
Server vaults aren’t good for us but for them because it helps their “we need subs to cover server costs” story. It’s good for them because if you are the average user you will agree to almost anything to keep using your passwords you saved there for a decade.
It’s good for them because they can exclude user errors on this part. But it’s no way better for us. Or saver.