Written by LowCards.com
Password managers could be an answer to the growing fear of identity theft.
In general, consumers do a very poor job of creating secure passwords. Most people use a password that is a memorable word and possibly a number or symbol. Hackers have now created tools that can break most passwords and gain access to a site in a matter of seconds.
In early January, a hacking tool called Idict proved it could break into many iCloud accounts in less than five seconds. This type of hacking tool has every word in the dictionary stored, and it tries all those words with and without numbers millions of times in a matter of seconds. This is known as a “brute force attack.”
Apple has since added safeguards to prevent this type of attack, but most other sites have not.
To defeat hackers, you should have a different strong password on each site you use, and it should be changed often. Passwords should have random upper and lower case letters as well as at least one number and symbol. If they are truly secure, you will probably not be able to remember many random passwords.
That is why you need a password manager.
A password manager remembers all the passwords for you. It sits on your computer and has a master password. When you visit a site a second time, it works with your browser to remember your password and automatically logs you in. It becomes a significant time saver in addition to the solid security it provides when you start using random passwords.
The best policy is to let the password manager generate a new random password for you. But if you insist on creating your own password, the programs will tell you how strong your password is.
LastPass and Dashlane are competitors but they are both excellent products. They are free, but if you want them to sync your passwords between devices, you will pay $12 a year at LastPass and $40 a year at Dashlane. The main difference is that Dashlane can change all your passwords and generate new random passwords for all your accounts with one click, a feature that may be worth the extra money.
LowCards.com simplifies the confusion of shopping for credit cards. It is a free, independent website that helps consumers easily compare credit cards in a variety of categories such as lowest rates, rewards, rebates, balance transfers and lowest introductory rates. It also gives an unbiased ranking and review for each card. Created by Hampton & Associates, the company has been analyzing the credit card industry and supplying objective websites on various consumer expenses for 15 years.
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