How to Best Manage Passwords

How to Best Manage Passwords

The average person can have nearly 100 passwords (or more!) when combining professional and personal accounts and services. That is a lot to remember! Many often use the same email and password for many (if not all) accounts, so they have less to remember. This is the number one liability for accounts online: password reuse. If a popular streaming service suffers a security breach, you may not be too concerned with someone watching a show on your account. However, if your log in information for this service is the same for your banking or other sensitive accounts, the damage can be much more severe. When sites suffer a breach, the hackers immediately try those credentials on banking, email and other sites to see how many areas they can log into with one password. So, it is vitally important to have a different password for every account. In addition, to be really secure, your passwords should all be at least 15 characters (some cybersecurity analysts recommend 25 characters.) How is it humanly possible to remember up to 100 unique lengthy passwords? It’s not! That’s where password managers come into play. A password manager will become your best friend, because it takes care of three critical tasks for you:
  1. It generates lengthy, complex passwords for each of your accounts or logins
  2. It stores these complex passwords in a digital “vault”
  3. It automatically fills in this complex password every time you log into a site
People often say “I’m already using my Internet browser to save my passwords – isn’t that the same thing?” No! Browsers are designed for us to surf the Internet, and although they can store passwords, it doesn’t mean that your passwords are secure. It also means your passwords would be in one browser, so they wouldn’t be available if you use a different browser. Whereas with a password manager, you could log into your personal vault from any browser, making them much more versatile. What if the Password Manger is compromised? Great question! LastPass has been hacked multiple times, but the number of compromised passwords? ZERO. LastPass encrypts all passwords, so the company never sees your passwords, keeping your passwords secure even if a security incident occurs. To find the best password managers for you, your family, and/or your business, we recommend Googling “Best Password Managers”, and you will see a number of reviews of the top password managers available today. Also, please contact your Program Manager to ensure your organization is enrolled in designDATA’s complimentary Dark Web Scan offering which will notify you if any account in your organization has shown up on the Dark Web. Stay safe out there! by Imran Khan
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