Password managers provide a secure and convenient way to manage and store all your passwords. They can generate and store strong, unique passwords for each of your online accounts, eliminating the need to remember or write down passwords. Here are some reasons why password managers are effective in enhancing cyber security:
- Creates stronger passwords: Password managers can generate strong and unique passwords for each of your online accounts, which are difficult to guess or crack. This ensures that your accounts are less likely to be hacked due to weak passwords.
- Acts as a vault for your passwords, through encryption: Password managers use strong encryption algorithms to protect your passwords and personal information. This means that even if a hacker gains access to your password manager, they won't be able to access your passwords.
- Extra security with two-factor authentication: Many password managers support two-factor authentication, which adds an extra layer of security to your account. Two-factor authentication combines the use of your password, plus an additional verification — such as sending a one-time code to a known device. This means that even if a hacker has your password, they won't be able to access your account without the other factor of authentication.
- Added convenience: Password managers make it easy to use strong, unique passwords for each of your online accounts, without having to remember them all. This means that you don't have to rely on simple or easy-to-guess passwords, which can be easily compromised. Just log into your password manager to auto-fill stored passwords.
- Reduced phishing risk: Password managers can help reduce the risk of falling victim to phishing attacks. Since you don't have to manually enter your passwords, you're less likely to enter your login details into a fake website or email.
If you are concerned that any of your CEFCU passwords have been compromised, change your password right away, and call us at 1.800.542.3328! We can help.