this post was submitted on 08 Jul 2023
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It definitely defeats the purpose. If you store them together there’s only one factor!
Things you know, have, or are.
It just becomes two things you know.
Password managers do have two factors: the vault (have) and the master password (know).
Those factors need to be separate to be factors.
It depends on your password manager and sync method. With most if I take all your devices away from you, you can’t go to any public computer and access all your passwords using only what you know. You need to have one of your physical devices.