Why you shouldn’t use one password for everything

Many people use the same password for every website that requires a password.  I can’t blame them because it does seem difficult to remember 50 different sets of credentials for all of your online accounts.  There is a huge risk by using one set of credentials though.

Imagine if you will that you trust me to take care of your pets while you are out of town for the week.  You have to give me the key to your house so that I can come and go in order to feed and water your pets.  You don’t have a problem with this because you trust me enough to take care of your beloved animals.  However, do you trust me enough to give me the keys to your safety deposit box, your Swiss bank account, and your Ferrari?  Probably not.

This is what you are doing by using the same username and passwords for every account.  If you are unfortunate enough to have one password stolen, and if you have been using the same password for everything, then the person who stole your password now has access to everything.  Your email account, your banking account, your retirement account, your Facebook account, your LinkedIn account, etc.

You get the picture.  There are manageable ways to come up with a method to create good passwords and to manage those passwords so that you don’t have to remember them.  There are many software tools available to help you implement a good online password strategy.  Call or stop by if you’d like to discuss this.

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