For most people, the lesson is not to ditch password managers. It is that the master password carries the whole load when a provider’s servers are breached. A long, unique master password is what turns a stolen vault into a useless file. A short or reused one turns it into a to-do list for a criminal.
mSecure is a smaller name than some rivals, but not a tiny one. Its Android app shows more than 500,000 installs and more than 6,200 reviews on Google Play, and the iPhone version has more than 3,300 ratings on the App Store. A rough estimate based on those numbers puts its user base at around 250,000 people. For comparison, Bitwarden has more than 5 million installs on Android alone.
It is also not the only password manager to have a rough year. LastPass confirmed losing sensitive customer data in June, and Dashlane said hackers got hold of at least a dozen encrypted vaults. Each case shows how much rides on the one password you type to open the app.
Customers have also been frustrated by how the news came out. Some were asked to change potentially hundreds of logins without being told what the threat was, and one user claimed the company was deleting negative reviews on the Google Play Store. That claim has not been confirmed. Whether you stay or switch, how mSeven reports the rest of its investigation is worth watching.