Password Managers:

What are they and how do they work?

Security is a top priority in business. Everywhere you turn someone’s data is being compromised. One of the highest recommended tips for security is to use a password manager, and luckily, it is one of the simplest methods as well. Although it is easy, many still hesitate as they do not fully understand what it is and where the passwords are being stored. Let’s take a high-level look at what password managers are and how they work.

 

What is a password manager?

  • In the simplest terms, it is an online vault that can store your passwords, pins, credit card numbers, answers to security questions and even your URLs. It eliminates the hassle of remembering lengthy passwords and having to reuse the same password for multiple accounts. It also helps you avoid keyloggers gaining access to your passwords and vital information.

 

Are password managers safe?

  • The short answer is, yes. Your passwords are typically stored on a cloud-based storage system located on the site’s server. This factor scares some, but keep in mind the encryption surrounding these servers is exceptionally secure. Additionally, because your passwords are cloud-based, this means all of your devices can be synced to the same password manager.

 

How do I access my passwords?

  • Typically, to access your password manager, all you need is one long and secure password. NIST guidelines recommend you have a long phrase with spaces that you can easily remember. Some suggest that you write this password down and store it somewhere very secure as if you forget it, you will be locked out of your password manager vault forever. This means logging in and changing all password for any and all websites and accounts.

 

Which password manager should I choose?

  • It honestly depends on your needs. Some allow family memberships, some enable syncing between all devices, some have mobile apps, and some are free. What we recommend is choosing a reputable one like LastPass, 1Password or Dashlane. These three and many others have been around, are easily set-up and have the security and encryption down.

 

Now even though password managers are an incredible security tool, nothing is bulletproof. You still need to continue following security protocols and basic common sense. Lock your computers, don’t click on suspicious links and always enlist the advice of security experts! Our team of business technology associates have the knowledge, experience, and expertise to guide your company down the road to a secure environment. Give our Pendello Team a call today and let them help you down this critical path.

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