Firefox can save your login details to websites, online banking or forums with ease. The next time you enter the same website it will autofill the details and you simply have to confirm the details to sign in. This is convenient of course and great for the lazy ones. The paranoid ones will most likely be unconvinced by this because it´s easy to display the password in plain text.
Go into Tools –> Options, select Privacy and there the Password Tab. Ever wondered what the View Saved Passwords Tab does ? It reveals all your login details in plain text. If you are working alone on this pc fine, but what if your girlfriend ( wife / boss .. ) discovers this little feature and discovers all those secrets that you are trying to hide from her ?
That´s where the master password comes into play. If you set a master password firefox will ask for that password when you want to view the saved passwords or enter a website with a saved one. You only have to enter it once for a browsing session, as long as you do not close firefox it will be remembered.
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