How Choosing the Right Password Management Software
WILL Save You TIME, MONEY, & HEADACHES
Password management is a system that offers a simple, secure way to store all your passwords and quickly access them when needed. Gone are the days of trying to remember that password you set for your email and bank account!
Perhaps, you've been jotting them down in a notebook, or are keeping a document on your laptop? Maybe you need to share a password with a friend or employee? How do you give them access while keeping your account safe and secure?
Oh and, don't get us started on the headache of trying to find the latest version of the password you changed last month, but forgot to save. Listen, we've all been there in some way or another!
The good news is...
Password management software makes it easier than ever for individuals and businesses to protect themselves and their private information.
Why is Password Management So Important?
If you stop and think about it for a moment, password management is a topic everyone should learn about. Even if websites are free, everything seems to have a password. You probably have business account logins to remember, as well as all of your personal accounts. A 2020 study by NordPass found that the average person has 100 passwords to remember. With so much sensitive information out there, it’s critical you protect it.
Looking at the Types of Password Attacks
One of the dangers of not protecting your passwords is hackers trying to steal your information. A password attack involves hackers using software to crack or guess passwords. These are one of the top ways hackers try to gain access to private information.
Most Common Types of Password Attacks:
- Brute-Force Attack - This is a simple attack which uses automated methods, like software, to combine different letter-number combinations to gain access. If attackers know the password requirements for a specific company, they will apply that criteria to their attempts.
- Keylogger Attack - A keylogger is spyware that records keyboard strokes to gather sensitive information. In a password attack, they record the username, password, and what website or app it’s used on.
- Dictionary Attack - This is a type of brute-force password attack that is based on a list of commonly used phrases, words, and passwords. This list could also include popular pet names, movie characters, and people.
- Credential Stuffing - Instead of guessing passwords, this type of attack uses stolen credentials. This follows the assumption that people reuse their passwords for multiple accounts across different platforms. Automated tools also make these attacks successful.
- Man-in-the-Middle - Cybercriminals use this to impersonate a third party the user might be trying to communicate with. This is often done through a phishing email that attempts to get the user to click on a link for a fake website, which would then steal the user’s information after they click through.
- Traffic Interception - This involves hackers eavesdropping on network data so they can monitor it and capture sensitive information. This is commonly done through unsecured Wi-Fi connections or connections that don’t use encryption.
- Phishing - This uses a combination of the tactics mentioned above and is very versatile. These attacks often use emails that seem urgent and require attention, like an account charge or service expiration.
- Password Spraying - This brute-force attack involves using a large number of common passwords on a small amount of user accounts, or possibly just one account. These attackers do some research to prevent the number of login attempts so they don’t get locked out.
Things to Remember About Password Management
As you can see, attackers will do whatever they can to gather your personal information. That’s why password management is such an important topic. In 2018, Verizon found that 81% of hacking-related data breaches involved stolen or weak passwords. It’s very important to take password management seriously.
Here are some of the best methods for password management:
- Security first - It’s a good idea to change your passwords frequently, but make sure you don’t choose the easy route each time. Use different combinations of letters and numbers to make attacks less likely, and less successful.
- Prevent phishing - Phishing emails are becoming more popular, due to the remote work environment. Using a password management system can help prevent these attacks.
- Encourage strong passwords - People steer clear of creating passwords that are too complicated because they think they’ll never remember them. Password management systems can create secure passwords automatically and store them for future use.
- Record changes - It’s no fun having to write down a password every time you change it. With password management, changes are recorded and saved.
- Eliminate repeated passwords - As mentioned above, password attacks often involve hackers trying to use repeated patterns or passwords to gain access. If you develop unique passwords for each account you have, this can be avoided.
- Ditch browser-based methods - Web browsers, like Google Chrome, can store your passwords for you. However, this isn’t the most secure choice for password management.
- No more lost passwords - If all of your passwords are stored via password management, you no longer have to ask to reset passwords you can’t remember.
- Use multi-factor authentication - Two-factor authentication helps protect you with an extra layer of security. It often involves entering a code sent to your phone or answering a security question.
- Sync it - Many of us access our accounts from a variety of devices on a daily basis. A password manager makes access seamless and secure, no matter which device you are using.
How To Choose The Right Password Management Solution
We live in a time when technology is constantly changing and there are so many options out there for any solution you are researching to solve a problem. Password management solutions are no different.
Keep these features in mind when looking at password management:
- Multi-platform support - You want to make sure you have access to your passwords, no matter what platform you’re using. Make sure Android, iOS, Windows, and macOS are supported.
- Secure password generator - Make sure your password manager has the ability to create strong, unique passwords. Some offer other customization options, as well.
- Storage location - Most password management solutions offer you the option to store all your information in a vault. This can be on your device or in the cloud. On-device storage is less popular because if you lose your device, you lose all of your information. Cloud storage is more common because you can access your info from anywhere. But, be aware of the security available.
- Security - Since you’re storing so much private information, security is a priority. AES 256-bit encryption is the standard you should look for. Many solutions also offer multi-factor authentication for added security.
- Recovery options - To access your information, you need a master password. If you don’t remember that, you’ll be out of luck. So, it’s important your password manager has a way to recover your master password. Make sure they have the option and that you understand it.
- Automatic device sync - Make sure you get automatic syncing of your information across your devices, since you might not always use the same device to log in.
- Save and autofill passwords - Autofill will populate login fields for you automatically, so you no longer have to copy and paste things in. Make sure you can also save new passwords to make use of this feature.
- Item storage - Do you want to be able to store other items? Some password management solutions offer the ability to store personal files, like credit cards or passports. You might be limited to how much storage there is, though.
- Sharing support - Make sure that sharing your information and items is an option, if you need it in the future. Make sure it’s secure, too.
- Secure export - Most options allow you to export your vault data, in case you want a back-up or want to move your information to a different platform.
My LifeJars Offers Password Management
The My LifeJars platform features a password management solution that is super easy to use and completely secure. Our goal is to make life a bit easier and help you stay organized. Therefore, we categorized 8 password jars for you to use.
The 8 password management storage jars are labeled...
- Email Accounts
- Social Media & Gaming
- Banking & Finances
- Official & Government
- Business Essentials
- Stores & Services
- Tech & Devices
As you can see, there is a place for everything. You can enter your usernames and passwords for each account. You can also choose what other information to include for each one. You can determine who has access to this information by inviting friends or family members to My LifeJars.
My LifeJars multi-layer “server-side” encryption technology ensures passwords and other access information will be safe for at least the next 40 years from a brute force attack. Passwords, keys and login details can be stored safely for many years to come.
If something were to happen to you, would your family know where to find & the passwords they need to access your important information and accounts? #beprepared #organizeyourlife #password
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Storing Your Important Information In One Place
As much as we don’t like to think about dying, it’s important to make sure everything is in order for the family we leave behind. That’s where we step in to help. My LifeJars offers you a safe, secure online place to store everything your family needs when you’re no longer with them. It’s the safest place to keep your passwords, so your accounts are protected and accessible to your loved ones.
Our app is the perfect place to organize and share all of your important information and documents, like your last will and testament, your advance care directive, your health care proxy, your enduring power of attorney, and your enduring guardian. We make it simple for you to give access to all the people who will need this information in the future.
What Are the Benefits of My LifeJars?
My LifeJars offers a basic account that is free forever and never expires, as long as you are active and assign a My LifeJars Guardian.
With this basic account store 24 memories, 24 things, 16 passwords upload file sizes up to 10MB and access 2GB of data storage. Create a life profile for yourself as well as for 4 other family members or friends and 4 legacies.
Only switch to a Gold paid account if you want to add unlimited memories, things & passwords, unlimited life profiles & legacies, upload file sizes up to 500MB including videos and store 200GB of data across all the profiles and legacies you create.
The My LifeJars app offers the following benefits:
- Encrypted data - very advanced and multiple layered cryptographic protection.
- Safety and security - access and review your information anywhere in the world with secure authentication.
- No advertising - you will not be shown any ads from third party platforms while using the app.
- Supports giving - My LifeJars donates 10% of annual subscriptions to our Partners, which you select to support.
Create Your Forever FREE My LifeJars Account Now. It’s easy to do, offers you peace of mind and control of WHO can access your memories, vital documents, important information and passwords - and WHEN they can access them, NOW or in the FUTURE.