In this internet age, many product and service providers are moving their services online. We moved from snail mail to email. Shops and supermarkets have options to access their catalogs online.
Other websites give you access to newsletters, newspapers, and curated information on your accounts. Even government services like applying for passports, paying your taxes, among others, are being offered online now. The number of online accounts one needs access to can range from a handful to hundreds.
You gain access to most of these accounts by using a password. You can access them on your device or through the various browsers available. Most people have one or a handful of passwords that they use on all of their accounts.
Many reuse old passwords when prompted to change their passwords. They also use some passwords that are pretty common among people like 123456, password, and asdfghjkl. These are some of the first passwords a hacker will guess when trying to crack your password.
According to experts in cybersecurity, you should use a long password that employs capitalization and uses symbols, numbers, and letters. Such a password is pretty strong, and it is harder for hackers to guess.
They recommend that you don’t use the same password on multiple accounts but apply a unique password for each account. Their advice is sound, but if you have 15 accounts, you need to memorize 15 passwords that are long and complicated. This is not a very encouraging endeavor and keeps people from heeding this advice valid as it may be.
That is where a password manager comes in. A password manager will save all your passwords for you and keep them safe under a master password. They allow you to access your passwords across several devices using a manager app or across multiple browsers by using their browser extensions.
Not all password managers are created equal. Some allow you to save additional information like your credit card information, data for multifactor authorization, and some even have vaults in which you can store sensitive information like files and documents.
Accounts and data breaches are not only inconvenient, but they can also be expensive. In a personal account, you can have your reputation ruined by the release of sensitive information. You can also lose your hard-earned money if a hacker decides to transfer money to themselves or to purchase items. It’s even worse for businesses.
A data breach is expensive in terms of reputation and costs. A breach puts the information given to you by your consumers like credit card information at risk, something your customers won’t take lightly. You may also lose money either by direct tampering of your accounts or in the repair and upgrading of your systems.
The price you pay for a password manager is negligible compared to the effects of dealing with a breach. Some even offer a discount if you pay for longer-term packages. If you want to increase your online security, seriously consider investing in a password manager.