Lifestyle

The Three Keys to a Great Password

A great password is often the only thing standing between you and identity theft. But what makes a password really secure? Turns out, there are some important guidelines to follow to keep information safe. Read on for three smart tips.

1. Know the latest security standards.The National Institute of Standards and Technology has established some new rules for setting more-secure passwords.MAKE YOUR PASSWORDS LONGER.Longer passwords are harder to decipher. Try using short phrases instead of just one word.AVOID PASSWORDS HINTS OR RESET QUESTIONS. Password hints aren’t all that effective and can actually make it easier to hack into your accounts.DON’T REPEAT THE SAME NUMBER OR LETTER.Something like “yessssss999” is much too easy for identity thieves to crack.DON’T USE COMMON IDENTIFIERS AS A PASSWORD.For example, if your name is Jane Smith and you’re setting up a Netflix account, don’t use “janesmith” or “Netflix” as your password.

2.Don't use the same password more than once. By using the same password on multiple services, you are potentially giving hackers access to every service where you're using that password. This is like having a single key that opens your house, your, car, and your bank's safety deposit box. If someone steals that key, they can access everything you own. Always create different keys, or passwords, for separate accounts.

3. Make use of a password manager. A password management tool is your greatest ally. These are programs or apps that will create unique passwords on each of your accounts and store them all for you in a single, secure location, so you'll never lose them again. They can also sync with multiple devices and auto-populate passwords whenever you need them, saving you a ton of time and trouble.

The World Wide Web can be complicated, but setting secure passwords doesn't have to be. With a bit of effort, you can use smart practices to help keep all your accounts safe and secure. SOURCE: The National Institute of Standards and Technology, 2019

Related Content

A Bucket Plan to Go with Your Bucket List

A Bucket Plan to Go with Your Bucket List

A bucket plan can help you be better prepared for a comfortable retirement.

Inflation and the Real Rate of Return

Inflation and the Real Rate of Return

Learn about the role of inflation when considering your portfolio’s rate of return with this helpful article.

A House Divided

A House Divided

By understanding a few key concepts during a divorce, you may be able to avoid common pitfalls.

Have A Question About This Topic?

Get Financial News & Updates Delivered to Your Inbox

Contact

Toll-Free: (888) 506-7687

Office: (616) 446-7705

jderbin@lifemark.com

Experience Matters

For many people, understanding personal finance can be daunting. From saving for retirement to selecting investments and insurance , the decisions can be overwhelming.

That’s where we come in. My firm utilizes the latest technology to provide individualized advice and service delivered through a personal, convenient and affordable process.

Whether you have significant assets to manage, or are just getting starting, we have the tools and expertise to provide the services your