Admit it, do you use the same passwords for everything? Or maybe a slight variation of the same password, maybe with different numbers at the end?
You probably don’t see why you should change your passwords. A lot of people we talk to about this say pretty much the same thing: “Who would want to hack me? I’m nobody”.
All of us are somebody when it comes to hackers. Every account that a hacker can gain access to helps them to build up a profile of you and can lead them to bigger accounts, such as your bank account or PayPal account. So whilst in monetary terms, your Hotmail account is worth under £3 on the dark web, it could ultimately gain a hacker access to something far more valuable. For example, you might request a password reset for PayPal and where does it get sent to? Your Hotmail account.
Did you know that your PayPal account is far more valuable to hackers than your bank account?
What You Can Do To Keep Your Passwords Secure
Firstly, don’t use the same password for everything. We recommend that you set up passphrases instead of passwords, using a combination of uppercase, lowercase and punctuation. Maybe your favourite song lyric or quote?
We recommend that you secure all of your passwords with a password manager. This enables you to have very complex passwords without the risk of forgetting them. There are some free services you can use:
There are also some subscription-based services, including:
You’re more than likely already familiar with two-factor authentication. Most of our bank accounts now require a device to log in as well as a password. Two-factor authentication works on the principle of something you know (i.e. your password) and something you have (i.e. a debit card reader).
If you would like to talk to us about password security, please get in touch.