By now, you have likely received a notification from a website about a data breach. The warning that was sent to you states that your credentials have been compromised. Or, you have heard about a big breach at for example, LinkedIn, Adobe, Ashley Madison or LifeLabs. How about an unusual message through Facebook Messenger from a “friend”? That friend eventually lets you know that their account was hacked — is this you? Well, someone got their credentials and used them.

The thief who stole that information is attempting to access other accounts which can be done quickly with automated tools.

So, the key problem here is password reuse. Admit it, you, we, all have dozens, or unbelievably, hundreds of usernames and passwords and we re-use them for multiple accounts because it is easier than trying to remember them. The irony is, that to remember a password, indicates that the password is not complex enough. This can be very damaging if someone gets a hold of your bank account or email password.

So how do we deal with this problem?

Employees reuse a password an average of 13 times. Canadians reuse their password an average of 15 times. 

Lastpass

The solution to both problems (password reuse and weak passwords) is to use a password manager. There are many different tools available and in this video demo, COO Jesse Smith is going to show you how to get started with a wonderful tool called LastPass.

Key benefits include:

• User-friendly
• Password generator
• Multifactor authentication
• Best-in-class security (AES-256-bit encryption)
• Free or paid options
• Good for personal / family use and business-wide use

Other options:
1Password
Keeper

Not sure if your email address has ever been breached? Visit Have I Been Pwned to find out.

If you have any questions about setting up a password manager or want to learn more about how to better secure your business, contact us.