When it comes to the best way to store passwords, almost anything is better than an old sticky note. But here is what we recommend:
Are you on the edge of password breakdown? Have you ever found yourself wondering: “How secure is my password?”. You’re not alone. According to a recent report, approximately 1 in 4 people feel the same, and feel lost when it comes to the best way to store passwords. Hey, even Michael McIntyre can relate:
Yet, it’s not solely the abundance of passwords causing frustration, but rather the security risk implication associated with these passwords. That’s why we will aim to shed some light on the best way to store passwords in this blog.
Let’s be honest, most people aren’t cybersecurity gurus when it comes to crafting passwords. From weak and easily deduced passwords to the cardinal sin of recycling passwords across various accounts, it can all be traced back to one thing: human error.
Another study found that, on average, individuals use the same password for at least five accounts. Classics like ‘123456’ still make an appearance and are used in a mind-boggling 23 million compromised accounts.
However, here’s the kicker: Cyber criminals are pros, cracking passwords in their sleep, but our lax habits serve as an open invitation for cybercrime. Consider the alarming statistics—a forecasted global loss of $434 billion (£347 billion) to online payment fraud between 2024 and 2027, with 90% of data breaches attributed to hacked login credentials.
What’s the solution, you ask?
Enter password managers.
Yes, there are ways to make your password more secure and better manage and store your passwords. These indispensable software tools alleviate the burden of password management by securely storing intricate, unique passwords for each account. As a bonus, some password managers can also act as random password generators, so there’s no more need for the easily crackable ‘123456’—just fortified password security.
And the cherry on top? Password managers not only fortify your security defences but also streamline your digital footprint. With one-click logins and autofill capabilities, you’ll wonder how you ever navigated without one. With the appropriate password manager, you can relax, knowing your sensitive data is safeguarded.
A password manager makes your life easier and business safer at the same time. Want to know which one we recommend? Get in touch.
