While helping you create a more secure home is Protect America‘s mission, we also know that identity theft is also important to our customers.  Securing your data and personal information can be a real challenge in this day and age with every website, account, and device asking for a new and different password to login. We suggest that you use a Password Manager to better protect your information. We’ve gathered some information on them to help you understand how they work and why they are a crucial piece of your online defenses.

password-managers-safe

Password Managers are Smarter than You

Password managers create long and complicated passwords for each of your online accounts and then encrypt them.  While you might have one really awesome password, it’s likely that you are using the same one for multiple accounts–which means if the thief cracks your code they have the keys to the kingdom.

According to Emmanuel Schalit, CEO of Dashlane,  “Sometimes, it’s better to put all your eggs in the same basket if that basket is more secure than the one you would be able to build on your own.”

When you use a password manager, even if a hacker manages to figure out the master password to the software, they will still have to decrypt each of the other passwords stored in your account. Nobody has the time to bother, which makes password managers a smart and effective means of protecting your accounts.

Passwords are Stored in the Cloud or on Your Device

Best password Manager list:

  • LastPass
  • Dashlane
  • KeePass
  • Roboform
  • 1Password
  • While they all work basically the same way, they do differ in where they store your passwords.  LastPass and Dashlane store your information on their encrypted servers, while KeePass allows you to create the encryption files on your own computer. So, you have options if you don’t trust the all-knowing Cloud to protect your identity.  Just remember, that even if your info is stored somewhere other than your computer, it is protected by many layers of encryption. It’s not perfect, but still better than the pad of paper in the top drawer of your desk.

Is Paying for a Password Manager Better?

This is the funny part, according to Consumer Reports it doesn’t really matter if you spend big bucks or not, as far as the manager’s ability to protect your password.  However, the freeware out there like KeePass requires more tech experience on your part while the systems that charge a monthly fee like Dashlane are more “push start and play” versions.

password-managers-safe

In the End It’s Your Choice, but Make One

Whatever you do, Protect America encourages you to invest the time into using a password manager.  Whether you opt for a free, $12/year subscription or a $99 software purchase, your information will be better protected when using a password manager than deciding to try and trick the thieves on your own.

Need an easy-to-use and install home security system? Check out Protect America’s informative website and get started improving your home security today.