The thumbnail version:

  • Passwords stand between your personal online security as well as that of your business.
  • How you use passwords matters.

The full version:

A recent CNN report revisited the issue of passwords and raised some interesting points well worth noting. Hacking is a constant threat and underestimating the expertise of hackers and the sophisticated tools they have, can be a costly mistake. No individual and no business (large or small) is exempt from this online threat. Passwords are one of the key ways of protecting your online access, but they must be used properly if they are to be effective. In the same way that you’re going to find the best possible unpickable lock for your new bicycle before you park it in public, you should ensure that you use better passwords that are less likely to be hacked.

In that regard, here are some of the key points made in the report:

  • Don’t use the same password for different services.
  • Don’t use similar passwords on different sites, i.e., don’t just change a single character in creating a new password for another site.
  • Whenever possible, use multi-factor authentication (MFA). That’s when you log on, you receive a code by, say, text message, to enter before gaining access to the site.
  • Use different, long, random passwords for every site.
  • Keep your passwords in a password manager.

Again, don’t underestimate the resourcefulness of hackers. To do so could be costly.