While password help is on the way, it’s still frustrating that we have to remember so many of them. One for each and every online account, right? That’s why password managers are so popular and used by so many people. And of course, you may realize that this popularity also means these password managers are big targets for hackers; and indeed, you are correct.
According to security.org, one in three people use a password manager product to secure their login credentials. However, as with so many things that are popular with the public, they also become desirable targets by cybercriminals.
According to a recent report from Picus Security, attacks on such products as these have increased threefold over last year. Within the study, the researchers discovered that out of over one million malware variants, 25% of them targeted password managers or other types of credential storage products.
While these can definitely help us with our online lives, there are some things that users really should keep in mind.
- If the password manager is breached, your master password may also be at risk. If that is stolen, so too are all of your other passwords.
- Even credential storage products should be secured with multifactor authentication such as a one-time SMS/text code, a hardware key, or code generator password.
- The master password should never be one that is used for any other online account.
- Using a password manager is most certainly helpful, there are also risks. Just be aware of them and as always, keep a lookout for phishing attacks in their many forms.
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