LastPass Password Manager Review 2023: Expert Rated 4.4/5

There are plenty of options when looking for the best password manager for your personal and business needs. LastPass is used by millions of people worldwide, but that doesn’t mean it best suits your needs.

Read on to learn about the pros, cons, features, and pricing of LastPass, as well as get answers to frequently asked questions.

LastPass makes its mark on the password management industry with its ease of use, variety of affordable plans, and innovative reward system.

It competes with other providers for individual users, but it’s also rich with features that will be attractive to businesses up to enterprise level. There are some drawbacks, though. Here are the details of its pros and cons:

While I like keeping things simple, it doesn’t build confidence for it to be the only page, with no way of learning more about the service’s features and credentials before you trust them with your most sensitive information.

• “Passwords” manages your saved accounts
• “Addresses” populates data sets for automatic form filling
• “Payment Cards” saves your credit and debit card information
• “Bank Accounts” adds direct banking information such as account and routing numbers
• “Notes” is something of a catch-all for keeping information secure that doesn’t fit into these pre-established categories

Adding and editing information was easy across the board.

The thing I found most interesting about the UX was the reward mechanism implemented for exploring the UI. It will give you a 10% discount for completing “achievements,” mostly geared toward teaching how to use the features of this service.

I love this concept and hope to see it crop up more often for services like this.

While this feature works fine, it isn’t apparent how to distinguish between data sets until you’ve set up a few, particularly if you have multiple addresses under the same name.

The system seems to assume each address will be for a different person. But if you’re adding many addresses, this could make the form-filling drop-down menu significantly more difficult to use.

As to how LastPass safeguards your data, it uses AES-256 bit encryption with PBKDF2 SHA-256 and salted hashes to ensure complete security in the cloud. You’ll create a password manager account with an email address and a strong master password to locally generate a unique encryption key.

Your master password, and the keys used to encrypt and decrypt data, are never sent to LastPass’ servers and are never accessible by LastPass.

Despite this, it is worth noting that LastPass experienced a security breach on November 30, 2022. While the company assures users’ passwords were not leaked, it admits the attacker gained access to certain elements of customers’ information, though the specifics are unclear.

This adds a welcome layer of security and a level of control over that security method. Yet it’s a little disappointing this feature is only available to unlock your LastPass account itself, without an option to add MFA to specific website logins you might want to keep more secure.

LastPass is a strong contender for password management, but competitors, including Dashlane, Keeper, RoboForm, and NordPass, could be a better fit. We looked closely at each password manager, spent time using the services, and researched each for hours.

Our research provides objective information about each company so you can find the one that will be best for you.

See how LastPass compares to other top-tier password managers that the PasswordManager.com team recommends:

Our rating process involves a thorough and detailed study of the various features offered viz-a-viz the competition. I looked at the multiple facets and features provided by LastPass compared to other significant industry players by direct testing to ensure an accurate rating.

I’ve also applied my personal experience using LastPass to provide a user’s perspective.

While I did a comprehensive overview, I gave more weight to specific parameters that were paramount. These include ease of use, security, customer support, security breach reports, scalability, and, last but not least, the price.

LastPass scored well in some areas (primarily price and ease of use), but had significant losses in other areas, particularly when it comes to security breaches.

But at a starting price of $3 a month for a premium plan, and more robust features when compared to other services at this price point, this may still end up being the password manager for you.