Often this message flashes across your computer screen and the hunt for a new password begins. And the worry: how will I remember it? …Some tips
- Of course, having a password that anybody who knows you can guess and crack (the most common
- password being the name of your partner or child) is more harmful than a forgotten password.
- With millions using the Net for some form of online financial transaction such as shopping, paying
- bills, banking, money transfer or investing— and this number growing by the year—the importance of
- the tiny alphanumeric key to your money in bits and bytes cannot be emphasized enough.
- So the questions around passwords are: should you have one password for all your accounts or is it
- safer to have different ones? The former is a security risk, the latter a memory nightmare. Where
- should you store the passwords? Storing them is a risk. A colleague had saved all her passwords in her
- Cell Phone When she replaced her handset, she forget to delete the list of passwords. Luckily for her
- she remembered it in time, but had to change the passwords for all her accounts.
How many are enough:
- Using many passwords and then storing them in a place with one password so that you have to remember only one, is a technique that many use.
- Put all my passwords there and the file it-self is password-protected. All phones generally have this facility.”So by remembering one password and other important data sa
- Another preferred strategy is to use two or three and rotate them.
How to choose:
- Choosing a password that’s an easy guess is the most dangerous thing you can do.
- Your partner’s name, your own name and date of birth, your child’s name are the most obvious passwords.
- “It shouldn’t be your kid’s name or dog’s name because they can be hacked. People around you may have a clue,”
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How to store
But the problem doesn’t end here:
- With a plethora of financial services at your disposal, you need to remember different and more.
- Managing them sometimes defeats the efficiency dividend we seek by moving digital.
- If the number of passwords increases, then one can segregate passwords which have financial implications and those that do not.
- Then, list all the less sensitive passwords, (those with no link to financial matters) into an Excel sheet and store them, which is again password-protected.
- Limit the number of passwords related to financial issues to the very minimal and remember them,”
- But do remember to back up your hard disk, else a crash will leave you totally helpless.
- One route that is still controversial is storing your passwords online.
- “There are certain free software’s available wherein one can store any number of passwords and all they have to remember is the password to this software only,”
- If you search online you get many of them.
- Though they are fairly safe, make sure you are dealing with registered companies,”
- The best way still is to use the mind.
- Choose a smart set of passwords and memorize it.
