Now, I was cautious when I first encountered the concept of storing all of your passwords in one place. I’m not sure how other services work, but there are a couple of things that helped me to make my decision:

1. You always need more than one piece of information to access your passwords. They have it set up just like the banks do. If you sign in from an unrecognized computer, you will be sent a one-time text message to your phone. So if someone does get your password, you they would need to have your cell phone as well to be able to log in. the chances of them having both things is much less likely. If you want to change your password, you need to have answers to at least 2 security questions. These multiple levels of security make a breach less likely.
2. They are certified by McAfee and TRUSTe
3. I am able to log into sites that I would not normally log into very often because it’s so easy (just click and log in). This is important because if there is any suspicious activity on any of these accounts, I can identify it early and address it. The top defense against fraud and identity theft is early detection.

Ultimately, if you don’t feel comfortable storing passwords to important sites online, you shouldn’t. However, I don’t know about you, but I have logins to all sorts of unimportant sites (so many sites require a login these days!). Using a service like Mitto could allow you to handle these passwords.