Technology finds a cure for partial amnesia

A few days back, a colleague of mine told me a very unusual feature about sony ericcson phones.

It has a feature wherein you can store all the different passwords for all different kinds of transactions and applications(bank accounts, online account access, e-mail,credit cards, share trading accounts) under one single passcode
So if you forget any password for any transaction, you just have to enter the application and key in the unique passcode, which will generate the list of all the passwords.

The beauty of the application is that if anyone tries to hack the application by trying out different passcodes, the list will be generated, but all the passwords will appear in a jumbled manner, with none of the letters matching the actual password.So the hacker will never come to know whether the list generated is the original or the fake one.

I would say this is a boon for people like me who keep on forgetting their various passwords,and at the same time it is pretty dangerous to have all those passwords written/stored at a single place, which might lead to devastating repurcussions , if the passwords fall in the hands of a third person, whose intentions might not be honest.

Hence the title "Technology finds a cure for partial amnesia"