Employees reuse a password an average of 13 times. Canadians reuse their password an average of 15 times.
Services like LastPass offer a very high level of security and to do this they cannot simply “store” your master password. Hence, you still have one password to remember, and that’s the master password for your password manager. So, you must learn one password instead of many.
What is the number one benefit of using a password manager?
The thing about people and passwords is that people want to remember things. So, they use the name of their cat, or the name of their dog, or their daughter’s birthday, or something like that. Here’s a video revealing just how widespread this bad practice is. Problem is, passwords that are easy to remember are very easy to guess!
The number one benefit of using a good password manager is that when you register with a website for the first time, it will generate a good password for you, as opposed to you simply choosing a very poor password.
This prevents you from using the same password repeatedly. If one account gets compromised, all accounts could be compromised.
“I’m technologically impaired” – How challenging is the process of setting up a password manager?
The short answer is that getting started with one is easy. You simply install the password manager as a plugin on your browser and download the app on your mobile phone. You create an account and you have the option to import the passwords that maybe you’ve already saved in your browser, or somewhere else, using the tool. You can get started quickly.
Before you implement a password manager, you will want to give yourself a bit of time to just get all your passwords organized. Make a list of all the websites you have passwords for and if you are not using that site anymore, delete your account. Identify low versus high-value accounts (i.e. accounts where credit card information is stored). Strengthen your weak passwords. Make it a weekend project!
But wait, I’m concerned about setting and remembering my master password. How do I keep that safe?
Firstly, give it some thought. Do not try to keep it in your memory. Frankly, if it’s in your head it’s probably not a good enough password. You need a very strong master password and you need to save that password somewhere. We recommend to people that you shouldn’t save it digitally. Do NOT save a spreadsheet called “passwords.” Whatever you do, do not use a master password that you have used for anything else. Write it down and re-enter it a few times daily to learn it. Or, consider writing down hints and keep it in a safe place. You cannot learn a strong, unique master password overnight.
What if I cannot remember it?
When choosing a password management solution, be sure to dedicate a good amount of time to reviewing the different recovery options. You’ll need a solution that works for you. Some solutions offer recovery options that will allow you to regain account access using a hint, SMS recovery, reverting to an old password. Please be aware that these company’s employees do not have any knowledge of a user’s master password.
If you’d like more information about password management and all of your other IT needs, contact us.