There’s also the possibility of mismanaging your password database and losing all of your data.
There’s also the possibility of mismanaging your password database and losing all of your data.
Is it, really? And at the same time to trust one's memory? For memorizing hundreds of long passwords? Don't think so...
There are alternatives to programmatic password managers or human memory, e.g. a paper notebook and a safe. That's not an approach I would personally take, but I imagine it's a reasonable option for someone who sees the potential danger of trusting any program for sensitive data.
The alternatives are same password everywhere or keeping a paper around with the passwords written in plain text. Both are equally disastrous (unless you work at home and don't ever get robbed)
I've got maybe 10 accounts that I really care about keeping secure - things like my bank and such where if someone got a hold of my account it would be a tough mess to sort out. Each of them has a unique password. But for most services I have login credentials for, I am not actually giving them any sensitive information. While I now use a password manager for these, before I just had a simple system for altering an otherwise standard set of passwords. It's not too hard to remember redd1t[standardsecurepassword], h@ckernews[standardsecurepassword], p0rnhub[standardsecurepassword], etc but as far as some random attack script is concerned these are all extremely unique and secure. If a human were specifically looking at it they could easily figure out the pattern and make some smart guesses, but even then I already give different emails to different accounts so I can tell who is selling my email addresses to spammers, and I had a few different secure passwords that I'd rotate, so only a tiny fraction would actually be in jeopardy. And again, there's nothing of value to be gained by hacking into these accounts. Overall I had maybe 15 genuinely unique passwords to remember, hardly a herculean feat. Now with the password manager, I still don't use it for my sensitive accounts, so I have like 8 passwords to remember; a relatively minor improvement.