Tether CEO unveils offline password manager
PearPass stores passwords locally, aiming to end reliance on vulnerable cloud storage and enhance user security.
Paolo Ardoino, CEO of Tether, has introduced PearPass, an open-source, offline password manager. The launch comes in response to the most significant credential breach on record, which exposed 16 billion passwords.
Ardoino criticised cloud storage, stating the time has come to abandon reliance on it for security.
The leaked data reportedly covers login details from major platforms like Apple, Meta, and Google, leaving billions vulnerable to identity theft and fraud. Experts have not yet identified the perpetrators but point to systemic flaws in cloud-based data protection.
PearPass is designed to operate entirely offline, storing credentials only on users’ devices without syncing to the internet or central servers. It aims to reduce the risks of mass hacking attempts targeting large cloud vaults.
The tool’s open-source nature allows transparency and encourages the adoption of safer, decentralised security methods.
As investigations proceed, PearPass’s launch renews the debate on personal data ownership and may set a new standard for password security.
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