Passwords are as annoying as they are necessary, and a good password manager can keep you secure while making it easier to juggle the sheer number of passwords you need to be a person on the internet. Using a password manager is one of the most important things you can do to protect yourself online, aside from using two-factor authentication and keeping your operating system and web browser up to date. If any of your passwords are weak and easy to guess, if you reuse any of your passwords across multiple sites, or if the sites you use are ever hacked and your account is compromised, you risk losing access to your accounts and your data. In fact, if you reuse passwords, chances are good that your password is already out there on an easy-to-find database. You can even check to see if your email address or password has been involved in a data breach.
These scams can target anyone, anytime. The aim and the precise mechanics of phishing scams vary: for example, victims might be tricked into clicking a link through to a fake web page with the aim of persuading the user to enter personal information. In this case the 'lure' might be that you've won a prize, or a chance to grab a must-have special offer, or (oh the irony) a claim that your account has been hacked and you should login to take action.
The theft of cryptocurrency in phishing campaigns like this and other attacks is costing crypto exchanges and their users hundreds of millions of dollars, as accounts and whole platforms get hacked and cyber criminals take the money for themselves.
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