Whether it is identity theft, filing tax returns, making purchases on charge accounts, withdrawing funds from banks, or any other financial attack, these activities can be devastating. It can take years to undo the damage.
The best offense against falling victim to these attacks is a solid defense with the best password protection. Hackers are vigilantly scanning the web for weak links to infiltrate and steal financial and personal data. The ramifications of this are frightening: Financial devastation and huge amounts of work to reverse the damage that has been done related to the theft of personal information will ensue.
Why you Need a Password Manager for your Password Protected Items
Each password-protected website and application is a potentially weakly secured door for a cybercriminal to enter and steal personal information. Technology assists hackers in breaking codes and you need the strongest reinforcement possible to protect your confidential information and financial data.
Reputable password managers create secure passwords that are not easily hacked. These managers keep track of all unique passwords for various sites it becomes unnecessary to create “easy to remember” passwords or to spend substantial time keeping track of a multitude of passwords.
Reason #1: Each password created for a site or app must be unique to ensure security. Password managers like LastPass create unique, secure passwords with ease.
Reason #2: Passwords need to be created strong enough to defend them from being easily hacked. A password manager can generate random, meaningless strings of characters as passwords that are extremely difficult to crack.
Reason #3: Self-selected passwords can be rated by the best password manager for their level of strength against hacking. This valuable feedback can ensure one is not leaving the front door to personal information unlocked and enticing criminals.
Reason #4: Password managers remember all passwords for different sites; saving users substantial time and aggravation
Reason #5: Password managers encrypt data entered into sites and apps so that another layer of protection exists against a password being seen or cracked by outside sources
A Strong Password Policy
A weak password is an easy entrance for a cybercriminal to hack into your personal information. The password you choose to protect your information is the key to your information warehouse. The applications you use are doors or portals that hackers are vigilantly trying to enter. Some applications try to reduce the chance of their apps being hacked by enforcing certain parameters for the security of passwords. Even in this scenario, the easier that a person seeks to make a password to remember, the easier it will be for a warehouse to be burglarized.
If you use the same password for multiple apps, once your password has been hacked in one portal, the rest are easy targets. Hackers prey on this natural human phenomenon, that being our desire to make our lives as easy as possible.
To nip it in the bud, password protection must be employed to safeguard all information at all times. The same technology advances that put us at risk of data breaches, can be used to protect our vulnerability with a password manager application. Here are some quick tips to help you shore up your password security:
- Use a combination of letters (upper and lowercase), numbers, and symbols.
- Don’t use the same password for all websites.
- Don’t create passwords that include information that can be retrieved via a social media account, including your birthday, birthplace, current place of employment, child’s name…etc.
- Change your passwords every three months to ensure continued protection.