You Should Have a Password Manager

A 2015 Dashland blog post noted that the average American has 130 online accounts, and prudent security would suggest that each of these have a unique, strong password.

Okay, you may not have 130 online accounts (although don’t be too sure!).  And, I’m betting you don’t have a unique, strong password for each account you do have (even though it’s a good idea).  But how do you remember the passwords you do have?  I hope you don’t write them all down and put them in a single file, which basically is creating “one-stop shopping” for a hacker.   Yet many people seem to do just this.

I recommend that you strongly consider using a password manager.  Password managers are programs that store all of one’s credentials in a single, secure place, most often in a cloud.  They are available as browser extensions and as apps for desktops or smart devices, and many – not all – are free.  Most of all, however, password managers are highly secure.  They feature a range of “multifactor authentication” options, including text messaging, emailing, fingerprinting, or a USB drive.  In other words, it will take more than one type of verification to access the information – and you can set up further “backup” measures if desired.

Once your password manager is established, it is easy to use.  You may want to talk to your local IT expert for specific recommendations as to which password manager might be best for you.

This communication is strictly intended for individuals residing in the states of CA, CO, DC, FL, GA, LA, MA, MD, ME, MI, NC, NJ, NY, OH, OR, PA, SC, TX, VA, VT. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services. Securities and advisory services offered through Commonwealth Financial Network®, Member,, a Registered Investment Adviser. Thorley Wealth Management, Inc.  1478 Marsh Road, Pittsford, NY 14534.  Phone 585-512-8453.