Why bother with SaaS password storages/vaults

I wanna preface this by saying that I understand why businesses uses password managers that are provided with an „online“ service, because it’s convenient.

But there has to be a process of consideration that flows into choosing an application as password manager. This process should be especially considerate when it comes to a place where all, or most, passwords to critical infrastructure are stored.

If I remember correctly 1Password (don’t quote me on this) sent out a communication some time …

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