What Does Password Management Mean?

You most likely have multiple accounts online that would require you to use a password every time you need to access your account.

Image result for online accounts

image source: mrhamlin.ca

Do you have the following online accounts?

Online Banking Access

  1. Bank of America
  2. Citibank
  3. TCF
  4. Chase
  5. American Express
  6. Discover
  7. Western Union
  8. GE Capital
  9. PNC

Social Media Accounts

  1. Facebook
  2. LinkedIn
  3. Twitter
  4. Instagram
  5. Pinterest

Web-Based Email

  1. Yahoo
  2. Gmail
  3. Hotmail / Live

Online Shopping Accounts

  1. Amazon
  2. Ebay
  3. Victoria’s Secret
  4. Bath and Body Works
  5. Target
  6. Walmart
  7. Groupon

If you have 3 or more of the online accounts mentioned above, you will most likely have several passwords that you need to remember. Not to mention your password for your computer both for work or your personal computer. Having these many passwords to remember can be very tricky, which is why there are password management software. These software offer you a safe place to store your passwords. You will only need one password, a very strong one, and with one click be able to access your password for all your other accounts. Here are some security features that you need to consider in a password management software.

Your password management software should …

  1. Allow for complex passwords. Those that would require upper case, lower case, numbers and symbols combination
  2. Prompt you for longer passwords such as passwords with not less than 8 characters
  3. Use two-step verification. Most accounts now use a two-step verification process. Software or websites such as Dropbox would require you to verify your identity by sending a code to your phone or a link to your email when you are accessing your account from a computer that the site does not recognize.

There are a lot of other ways for you to secure you passwords. So, gone are the days when you would have to write all your passwords in a piece of paper and then hiding them somewhere in your office or your desk. When you need to recall your password, just access your password management software and be on your way to accessing any of your accounts.

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