Why Is Password Management Important?

So Kanon
Mining Chamber
4 min readMar 14, 2020

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Video explanation

Password management is very crucial to the security of your personal information and assets. Cybercrime grows by the day, the only way to fight back is trying to become more secure, and aware of where you put your information and what you click.

Here is a list of ways not to write a password:

  • Do You use generic passwords? (123456, qwerty, password, etc.)
  • Do You include personal information in Your passwords? (DOB, City, Phone number, etc.)
  • Do You use the same password for everything?
  • Do Your passwords all have something in common?
  • Do You save your passwords to your browser or a file on your PC?

If you answered ‘yes’ to any of the above, please read through this thoroughly to learn about proper password management habits.

How To Remember Or Store Your Passwords?

Remembering your passwords is not the best way to go with it. If you can remember all your passwords, then they are probably not secure, or repetitive, or the aliens at Area 51 performed some miracles on your human brain (totally kidding). On a serious note, here are the best password management practices.

1. Personal Diary For Passwords

This method is secure, but it may be less convenient. If full security is what you’re looking for, then write down your passwords in a notebook. There are books with a mini passcode lock on them (view here) and then attach a Tile (view here) to it so you avoid losing it.

2. Using a Password Manager

We recommend Password Managers for everyone to use, they create long randomized passwords that will be saved on your local device or on the cloud-based on which password manager you choose to use.

Password managers are completely secure, they do NOT save a plain text form of your password, instead, they are stored in an encrypted format that no one can decrypt without the master pass.

Top Picks:

  1. MyKi (Local Based):

2. Dashlane (Cloud Based):

3. 1Password (Cloud Based):

3. Hybrid — Best of Both Worlds

The best strategy will be by utilizing both, The Diary, and The Password Manager. To plan that out, we recommend you to store your email passwords and your master pass in the Diary (following the correct guidelines for creating a password), then storing the utilities, apps, social media, and logins for websites on Your Password Manager. Now if you do happen to lose the master pass that you created for your Password Manager, you can recover all other applications through your emails.

Don’t Forget to ‘Applaud’ this article if you find it helpful, thank you!

Red Flags And Possible Attacks

If you followed one of the methods above, the chance of gaining control of your personal/business accounts has increased greatly, but that does not mean you’re completely safe.

The possible attack vectors hackers, and malicious people can use against you will be:

1. Brute Force Attacks

Brute Force is a way that hackers will use computational power to guess a huge number of passwords per second on your account, there are password lists all over the web and they contain thousands of passwords that are generic and unfortunately used by many every-day users.

2. Keyloggers

Keyloggers are the malicious script that will run in the background of your PC without you noticing it, they will record your keystrokes and can result in the hacker getting his hands on your activity and passwords.

Password Managers will keep you safe from Keyloggers, but they can still obtain your master pass. To avoid the danger of Keyloggers, Make sure to have a reliable antivirus, check your task manager for weird background tasks, and run anti-virus scans often.

We hope that taught you some background knowledge, and helped you adapt a more secure password management habit.

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