Many reasons. As @TriBruin listed below, sharing mortgage account and other billing is important. My wife and I share a vault for bills. This is probably one of the selling points of a password manager.I generally agree, but regarding the 2nd reason, there is no need to expose your own server for syncing. Passwords are personal and there is no need to access them simultaneously from different places and they are not supposed to change every day either. You can keep the dbs locally on every device and sync only when you return home.
Great points. I added sharing a vault with my wife for bills.Sure,
- I am at work and I have changed my work account password. But, my iPhone still has my old password to access my email. Because my password is sync'd between my computer and my, I can quickly and easily update my email password on my phone. (Sure, the alternative is to type my password by reading it from my computer screen, but, as I take security seriously, typing a 15 random character password is PITA.)
- I change my password to my favorite streaming service, I want to my sure my son, who lives 1500 miles away, can login. I guess I could call him and read it over the phone. But, it sure it is easier to have my son just open his copy of the password manager and use the new password
- I have an local administrator account on the computers I manage. Password is rotated every 30 days, or whenever we are concerned the password has been compromised. Update the password, save it in our secure vault, and make sure that only those who are authorized to see the password have access. Updates are immediate.
Cool, I’m glad whatever you do works for you. If sharing passwords for bills is “illegal“ then put me in jail.I could go with "A secret that is known by two people is no longer a secret" but I won't. Is there a reason you needed to change your password ? (don't tell me that you forgot it). Anyway, password sharing and viewing from different locations was supposed to be illegal for many services (which I hated it as I was often on the move, visiting different countries), then many companies came up with family plans etc.
I do not see why the secure vault needs to be on the cloud ?