The biggest problem is that a lot of companies consider that hashing passwords is enough, so if their security systems have been breached — a whole array of usernames (that are stored in original text form), e-mails, and other sensitive data is linked to a particular hash.
According to security reporter Brian Krebs, who cited a “senior Facebook insider”, “access logs showed some 2,000 engineers or developers made approximately nine million internal queries for data elements that contained plaintext user passwords”.
While this algorithm is efficient and fast, there have been recent improvements in attacks (PDF Warning) against the signature scheme GeMSS is based on that suggest that there may be problems that could surface with more research.
Bitwarden is the easiest and safest way to store all of your logins and passwords while conveniently keeping them synced between all of your devices. Bitwarden stores all of your logins in an encrypted vault that syncs across all of your devices.