Which of these two passwords do you think is easier to crack?
If you answered the “C0ll3g3!”, you are correct. According to the Random-ize website (https://random-ize.com/how-long-to-hack-pass/), it will take 24 days, 20 hours to crack the first password.
The second password will take 236647670869834720 years.
For extra security, use a complex passphrase but don’t make it too complicated that you have a hard time remembering it.
Should your password be complex?
You might have heard that your passwords should be complex and should use a combination of upper case, lower case, numbers, and characters. However, new data shows the length of the password makes it hard on hackers, rather than the complexity of the password.
So how are you supposed to remember password with nineteen characters?
We recommend using a phrase that is unique to you, such as a family motto or saying. A funny expression or joke you always tell could put a smile on your face for every login.
If you want to be extra secure, use a complex passphrase. Get creative with numbers and symbols that make sense in the passphrase. But don’t get too expressive that you can’t remember it.
Don’t Manage Alone
Remember don’t reuse your password for other sites and don’t put a sticky under your keyboard. With so many applications and accounts that require a password, now may be a good time to look into having a password manager.
There are a few out there, and some are even free. The managers store passwords for all your websites. All you have to remember is one master password (the longer, the better) to access all your passwords. Just do not forget your master password as this is the key to unlocking your password list.
In addition to having a strong, lengthy password, if the site offers two-factor authentication, go ahead and sign up for it. Two-factor is especially essential for any of your financial accounts, such as a bank or brokerage firm. Two-factor authentications require you to download an app to enter in a code or receive text messages to verify your identity before you gain access to your account.
Remember the more layers of security you add, the more secure your data will be.
When looking for the best advisor for you and your family, make sure to ask about what processes they have in place to protect your data.
Give us a call to find out what we have implemented for our clients.
Fee Only Fiduciary
Platt Wealth Management is a fee-only advisor helping clients acheive their financial goals. We offer customized financial advice, financial planning and investment management. If you would like to learn more about our services or get in touch for a consultation to review your current portfolio please give us a call. 619.255.9554.
We provide stand alone scenario based financial plans for a flat fee, retainer based and assets based investment management or a combination of both for full wealth management services.