In 2022, a password manager company was hacked, resulting in many accounts being brute-foced, and significant losses occurring. Therefore, key derivation from Master Password is insufficient. Even with PBKDF2 or Argon2, they still have huge security issues.
Web3Password completely uses Mnemonic Phrase as your only access credential. The Mnemonic Phrase is only controlled by you, only stored on your device. Not even Web3Password can access it. Therefore your data is as secure as Bitcoin.
Your data is only protected by BIP39/BIP44 of Bitcoin. Not only by laws. Secure your privacy data with Web3Password. Not trust Web3Password or any other Password Manager. Just Verify.