In today’s almost entirely digitised, cyber world, it’s imperative that private data and passwords remain secure and protected at all times. According to Business Insider (2022), Bitcoin investors are likely to lose up to $545 million in 2023, owing to various reasons like forgetting passwords to their wallets or wrongly recording their seed phrases. In most cases, safeguarding sensitive access credentials requires entrusting them to third-party databases.

Source: HackRead