Will an Online Password Manager Keep My Information Safe?

It can be extremely difficult to keep track of passwords and information online, especially when you have a great deal of information to process. When trying to deal with remembering passwords, user information, banking information and the like, it may be a good idea to consider using outside help to keep a better eye on things. Due to the increased threat of identity theft, services like password managers have become popular with many, making it much simper to not only keep track of information, but keep thieves and outsiders from getting their hands on things in the first place. Password managers have many uses, so it’s good to know some of the most basic information before deciding whether or not to use one in order to protect yourself.

How do password managers work? 

These services are designed to store all of your passwords and user information in one central location within your computer or device – essentially creating a database of your private information. This database can be unlocked with a “master” password – one that will give you access to the entire list, but only with the right secret code. While this may seem like a bad idea, it can actually help quite a bit. Utilizing this method means that there is no longer a need to remember all kinds of passwords at once – as long as you can remember the main one, you’ll be able to get to the others if you need them. Only having to remember one password also means that you can make it more complex; this will help you keep the other information safe by making it more difficult for strangers and thieves to guess at what your most personal information could be. Password managers can help anyone – from individuals to small businesses, there is always a need to protect your information.

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Are password managers my only option? 

Nope! Although a password manager is an extremely useful method of protection, it is definitely not the only one available. Another similar method of protection from identity theft is a single sign on service, which asks for you to enter in a single password, granting access to many different areas within a computer or network. This keeps thieves out of the areas that they should not have access to – meaning that your information will be more protected than it would if you saved your log in information each time you visited a site. Other identity protection types include credit and identity monitoring services. These two types of services provide constant monitoring of both financial and personal information including bank and credit card accounts, public records, personal information and even Social Security numbers. If any of this information is compromised, it can be a long and difficult road to recovery – it takes time and effort to fix the lasting effects of identity theft. While identity theft is a scary crime, and becoming a victim can happen to anyone, there are many ways to help prevent it from happening – or at least decrease the likelihood of being impacted.

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