Scams, identity theft and cybercrimes threaten everyone.  Every year people lose billions of dollars to scams, identity theft and cybercrime.  No one is immune to these dangers.   Young and old alike are victims and if you think you are too smart to become a victim, you are wrong.  According to the National Association of Securities Dealers wealthy, financially literate and astute people are actually more likely to become victims of financial scams.

The key to protecting yourself from scams cybercrime and identity theft is education and that is where Scamicide.com comes in.  Here at Scamicide.com you will learn how to recognize scams, cyber security threats and  risks of identity theft as well as how to avoid them. Here at Scamicide.com we also alert you each and every day to the latest developments in scams, cyber security and identity theft and tell you what you need to do to protect yourself. It is a dangerous world out there, but Scamicide.com can help you make it safer. 

Scam of the Day - august 19, 2018

Are Password Managers Secure?

Having unique, complicated passwords for each of your accounts is an essential element of online security.  However, remembering all of your passwords can be a difficult task for many people, which is why so many people use online password managers, which store all of your passwords for you.  These companies, however, are tempting targets for identity thieves. In 2015 I told you about online password manager company LastPass suffering a data breach in which customers' email addresses, password reminders and encrypted master passwords were taken.  More recently researchers at Aalto University and the University of Helsinki discovered security flaws affecting the technology used by all of the password managers. The researchers disclosed their findings to the affected companies which have taken steps to remedy the problem, but the bottom line is that while using a password manager is helpful, it will always be a target of hackers and you may be more comfortable using unique, complex passwords for each account that you can readily remember without using a password manager. This is not as difficult as it sounds as you will read below.

TIPS

First, if you are interested in using a password manager, here is a link to an article that compares many of the legitimate password managers available to you. https://www.pcmag.com/article2/0,2817,2407168,00.asp

However, if you would like to use the helping hand you find at the end of your own arm and generate unique, complex passwords for each of your accounts that are easy to remember, here is a strategy that is very effective. You can start with a strong base password constructed from a phrase, such as IDon'tLikePasswords that has capital letters, small letters and a symbol, add a few symbols at the end so it may read IDon'tLikePasswords!!! and then adapt it with a few letters for each particular account you have so that you will have a secure and easy to remember password for each of your online accounts.   Thus, your Amazon password could be IDon'tLikePasswords!!!AMA.

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