Reasons Why A Password Manager Is Worth The Investment
If you have been a part of the financial industry, you must be aware of the list of do’s and don’ts of passwords, which is never-ending due to several rules and regulations. In reality, according to internet sources, recent guidelines recommend removing passwords altogether and using other ways to authenticate systems and applications. While technology has made huge improvements in the area of authentication, we are still surrounding passwords.
It is recommended to upgrade passwords every 90 days which could really be frustrating but is actually required to keep your accounts and data secure. And users normally use the same password across different accounts to avoid forgetting which makes all your accounts and data insecure. Though, now there are tools available that can actually help tackling this issue out of which the most effective and well-known is password managers.
Before getting into why a password manager is worth the investment, let us shortly discuss what a password manager actually includes.
What Is A Password Manager?
A password manager is a tool or a system that develops a string of random yet robust symbols, characters and numbers to create a unique and strong password. Also, it keeps those passwords and other login data safe for you to save you from the worry of forgetting your password and saving you time by auto-filling your username and password for the site that you have recently signed in through password manager.
Why Is A Password Manager Worth The Investment?
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Keep All The Passwords In One Place
There is no doubt that we are surrounded by a number of systems these days that we log into, like emails, social media, banking, healthcare, utilities, shopping, etc., all of which need to have a username and a password to log in. It does not include your work systems and the related email, wire platforms, core system etc. What makes password managers a magical tool is their ability to generate robust, unique, and long passwords/passphrases throughout multiple accounts without repeating any of them. You just need to remember only one password, which will allow you to access the system, and the rest is handled by a password manager.
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Maximizes Your Passwords’ Strength
Password managers can generate passwords for you by using unique and strong symbols, characters, numbers, and upper-case and lower-case letters, making you feel safe knowing that you have exclusive, hard-to-crack passwords throughout multiple accounts. Based on the password management system you use could also explain if your existing password is robust enough, helping you avoid the uncertainty related to whether your password is strong or not without disclosing it to anyone.
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It Helps Secure You From Phishing Attacks.
Using similar passwords for numerous accounts, reusing old passwords, not updating your password and even generating weak passwords (mostly unintentionally) like the terms used in everyday life all could increase the possibility of being hacked. One of the ways your information could be hacked is known as phishing attacks.
For instance, you receive an email having a link (bad link), and without thinking, you visit the link and fill out your login information only to realize that you shared your credentials with the hackers. But if we rewind the situation and you are using a password manager and then you receive an unknown link, the password manager can save your information, including credentials leaked through a fake link, particularly if your password management system has certain features.
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It Makes Logging Onto Sites Easier
You must have gone through the tiring process of searching through your credentials to log into your accounts and to avoid forgetting the passwords; you might have kept them in a safe document either in your cell phone or in your diary or sticky notes, etc. Whatever the case could be, it takes time to find those credentials especially when you need them the most. And sometimes, while typing those credentials, mistakes can also occur, making the overall process less efficient.
However, a password manager can help by automatically filling out the data for you across numerous sites. In terms of security reasons, some managers could also keep and fill credentials out for you because gone are the days when you have to put time into remembering “What’s my password again”?, or going through the process of “Forgot Password.” Also, you do not need to be concerned regarding remembering your credentials, especially when it’s about password upgrading, ensuring a smooth login password.
A password manager is worth the purchase for several important reasons, all of which are thoroughly covered in this blog. Being cyber-secure is essential in the modern technological age, and the best way to be secure is to find a password manager that works best for you. However, many password management services provide a free trial so you can test out how it works and what benefits it gives by keeping your login information.
Why Choose Credentius?
Select Credentius, an all-in-one, robust password management solution that both people and organizations trust. Credentius can be the ideal partner by offering enterprise-grade control and policy execution or safe, streamlined access across devices. Its robust encryption, seamless integration, and user-friendly features make password security easier. Safeguard your crucial data like passwords or credentials, besides reducing breach risks and making the overall password management process effortless via strong password generation, encrypted vault storage, multi-factor authentication, and continuous security with Credentius.
Your data. Your control. Use a password manager.
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