I've recently been looking for a good password management system. Key features being cross-platform and cross-browser implementation.
I started using Passpack.com a few weeks ago and it seems to be a pretty good solution. My only issues are how exactly they store your password database and how much can I really trust this service? Storing any sensitive data online always raises flags so I'm wondering if it's safe to use an online password service such as this? Are there any security tests I can perform to help ensure the security of this app?
The other option is to use something like Keepass--the advantage being that the password database is stored locally and is in my control. Though it might be a bit more complicated to get all my computers synced to use this.
So basically, can I trust any online password-storing site, and if not, should I switch to using only desktop apps like Keepass, where I'm in control of where the encrypted password database file lives?
I think that you are going to have to trust such a service with your plaintext passwords, because you need to recover the plaintext passwords from it. The problem is aggravated by it being a web service whose implementation can be switched at any time.