Why use a Password Manager?
So you might ask; why should I use a password manager? This page is the answer to that question that will help you make better choices about how you manage your personal information.
The Good, the Bad and the Ugly of Personal Information Management
Movies are cultural paradigms, stories, metaphors and teachable moments that many of us have in common. Like the 1966 classic, the Good, the Bad and the Ugly, we as a Password Manager app developer, see the good, the bad villians and the ugly habits of personal information management everyday.
We would like to empower you to be "Blondie" staring down the the “bad” hackers and “ugly” unsafe habits; emerging as the victor. Enjoy our infographic below about Why you should use a Password Manager.
Why use a Password Manager White Paperby David Pfeiffer - Marketing Director, mSeven Software
In a world where 1 in every 10 people have already had their identity stolen, account security concerns should be at the top of our list, but in a recent survey, we asked people how they manage their online account passwords. Here are some ways people store passwords and the vulnerabilities of each method:
- More than 76% of adults surveyed memorize their passwords (prone to memory loss and cross-account compromises).
- About 9% use sticky notes on your monitor (not electronic, not too portable or secure) or notebook with user names and passwords (not electronic, don't loose it).
- About 6% use text file or notes pad program with URLs, usernames and passwords (not accessible everywhere, not secure) or Synchronized notes program like Evernote (not encrypted, not secure).
Most people have dozens, if not hundreds, online accounts to keep track of, yet in the survey it was found that over 3 of every 4 person still rely on their memory to store their passwords. Unless they have super-human memory function, they probably use 1-4 different passwords for every site that they login into. Not a good practice because, if a hacker gains access to a password from one account, they will be able to access many other accounts as well. So, if you have a large number of account passwords, how would you keep track of so many different passwords? A password manager is the answer.
In the same survey, about 10% of the adults do use a password manager software program to store and protect their passwords. There are a lot of good reasons to use a password manager. Typical password managers perform the following 4 major functions:
- Store web URLs, usernames and passwords in a highly-secure fashion
- Organize and search user their web logins and other personal info (digital wallet).
- Enable synchronization of your data to multiple devices in a highly-secure fashion
- Assist the user in logging into their stored websites
Security is Job One
The major shortcoming of all the non-password manager methods listed above is the lack of real security. Sticky notes and notebooks are good as long as a thief does not have physical access to the notes. Text files and note programs are good as long as the thief has not access to your computer or notes account. But the password manager employs proven encryption algorithms to hide your data from hackers or the curious.
mSecure uses a variety of techniques to prevent hackers from accessing your data from the front door (the program user interface) and the backdoor (the file your data is stored in). Front-door attacks are thwarted by a self-destruct option that will erase the data if the hacker ventures too many password guesses. Back-door attacks are prevented by encrypting the data file using Blowfish encryption that has never been cracked.
Organization and Searching Made Simple
Another major feature of a good password manager is the ability to organize and search for the records you need. Searching sticky notes, notebooks or even note files can be cumbersome but they are simple things to work with. Password Managers like mSecure excel at data organization and searching made simple with an uncluttered user interface and search capabilities that operate like a search engine page. mSecure also supports grouping of records, marking records as favorites for quick access and 15 ready-made and custom templates for quick data entry.
Accessible Security Everywhere
While it is important to have access to your data everywhere you go, it cannot be at the expense of security. Using note files that are not encrypted makes the use of note files or notes programs a risky proposition. A good password manager supports highly-secure methods of data transmission and storage on desktop, laptop, tablet and mobile devices. mSecure has implemented the Security Everywhere architecture to keep data secure and accessible when and where you need it.
A nice-to-have feature for the password managers are the login assistance function that brings up a website in your browser and logs you in automatically. This feature is nice-to-have because the browser already has password auto-fill and auto-capture capabilities. Password managers replicate this function connected to their secure database. mSecure supports an website launch and auto-copy of password data to the clipboard.
Beyond the password manager
Some password managers are also digital wallets, meaning that help you keep track of and organize your personal information such as credit cards, bank accounts, auto make-model and VINs, etc. mSecure is a digital wallet as well with 14 digital wallet templates made for your personal info.
The Sum of all Fears
So why use a password manager over manual methods of keeping passwords on paper or in note programs? Its all about security. With identity theft at an all time high and the explosion of online services, its time to develop a secure habit, get a password manager / digital wallet to make your life easy and your future safer. mSecure is the number one password manager in the Apple iTunes Store and Google Play Store with support for Mac and Windows desktops and laptops. With mSecure your personal data will safe, secure and accessible no matter where life takes you.