Drummond Financial Solutions

(330) 877-2923

Lifestyle

The Three Keys to a Great Password

A great password is often the only thing standing between you and identity theft. But what makes a password really secure? Turns out, there are some important guidelines to follow to keep information safe. Read on for three smart tips.1. Know the latest  security standards.The National Institute of Standards and Technology has established some new rules for setting more-secure passwords.MAKE YOUR PASSWORDS LONGER.Longer passwords are harder to decipher. Try using short phrases instead of just one word.AVOID PASSWORDS HINTS OR RESET QUESTIONS. Password hints aren’t all that effective and can actually make it easier to hack into your accounts.DON’T REPEAT THE SAME NUMBER OR LETTER.Something like “yessssss999” is much too easy for identity thieves to crack.DON’T USE COMMON IDENTIFIERS AS A PASSWORD.For example, if your name is Jane Smith and you’re setting up a Netflix account, don’t use “janesmith” or “Netflix” as your password.2.Don't use the same  password more than once. By using the same password on multiple services, you are potentially giving hackers access to every service where you're using that password. This is like having a single key that opens your house, your, car, and your bank's safety deposit box. If someone steals that key, they can access everything you own. Always create different keys, or passwords, for separate accounts.3. Make use of a  password manager. A password management tool is your greatest ally. These are  programs or apps that will create unique passwords on each of your accounts and store them all for you in a single, secure location, so you'll never lose them again. They can also sync with multiple devices and  auto-populate passwords whenever you need them, saving you a ton of time and trouble. The World Wide Web can be complicated,  but setting secure passwords doesn't have to be. With a bit of effort, you can use smart practices to help keep all your accounts safe and secure. SOURCE: The National Institute of Standards and Technology, 2019
 

Related Content

Debt Stress

Debt Stress

There’s a link between debt and stress.

Alternative Investments - Going Mainstream

Alternative Investments - Going Mainstream

Alternative investments are going mainstream for accredited investors. It’s critical to sort through the complexity.

Find That Lost Retirement Account

Find That Lost Retirement Account

With over 24 million “forgotten” 401(k) accounts, you may be surprised to learn of your unclaimed “found” money.

 

Have A Question About This Topic?







Thank you! Oops!

Traditional vs. Roth IRA

One or the other? Perhaps both traditional and Roth IRAs can play a part in your retirement plans.

A Meal for All Generations

When it comes to generational differences, knowing the facts can be difficult.

Does Your Portfolio Fit Your Retirement Lifestyle?

Lifestyle considerations in creating your retirement portfolio.

View all articles

Potential Income from an IRA

Estimate your monthly and annual income from various IRA types.

Should I Pay Off Debt or Invest?

This calculator will help determine whether you should invest funds or pay down debt.

Saving for College

This calculator can help you estimate how much you should be saving for college.

View all calculators

Your Cash Flow Statement

A presentation about managing money: using it, saving it, and even getting credit.

Protecting Those Who Matter Most

The importance of life insurance, how it works, and how much coverage you need.

5 Smart Investing Strategies

There are some smart strategies that may help you pursue your investment objectives

View all presentations

Should I Invest in Gold?

Learning more about gold and its history may help you decide whether it has a place in your portfolio.

Global and International Funds

Investors seeking world investments can choose between global and international funds. What's the difference?

The Power of Compound Interest

Learn how to harness the power of compound interest for your investments.

View all videos