One of the leading causes of banking and financial contravention is lack of security. The first step to protect ourselves is to protect our password.
In this article, we are going to know about History of password, Future of Password Protection and How to protect your password from fraudulent.
History of the Password
Passwords are using from centuries, Roman soldiers are used to identify the members who has authorized in a certain area. The computer password was originally introduced in 1960. The Password was first introduced by Fernando Corbato at MIT (Massachusetts Institute of Technology). At that time, the compatible time sharing system (CTSS) had recently developed and it was available for research use. To keep individual files private, Fernando Corbato wanted to find a way and he developed the first online password system. So the users access only their specific files.
Fast forward a few decades. And now we are using Passwords in every aspect of our lives.
What is the Future of Password Protection?
Today passwords are essential to online safety. But threats like scams, Phishing and poor password hygiene are pose to a risk of users. Google has recognized these issues and created defenses like 2-step verification and Google password manager.
Why is password Protection Important?
Passwords are used for a number of reasons across the web. Logins to online shopping, social media accounts, online banking and PINs being the riskiest. The Scary thing is, due to an insecure password, if someone manages to hack your email account they will access to almost every online account and bank account of your personal details that you’ve ever set up. So keeping your passwords safe is essential.
If someone gets access to your password, they will hold all your details like access to your bank accounts, purchasing the items with your money. In more extreme cases, they can also steal your identity.
How to Protect Your Passwords
Following are the few steps that you have to take to reduce the risk targeted by cyber-criminals.
1. Set up the Secure passwords
Having a weak password will make you to become a victim of fraud. A weak password can be easily guessed, so for everything starting with a strong password is must. To randomly select a secure password, you can use a password generator that won’t get forgotten. Otherwise follow the tips given below for setting up secure passwords:
- The password must be 12 or more characters long
- Throughout the password include upper-case and lower-case letters.
- Include punctuation marks
- Avoid the memorable keyboard paths like 123456 or qwerty
- Not using numbers in the exchange of letters e.g., 9 instead of g
2. Don’t use the same password
Its pretty common for the people having same password that they use for everything. If someone holds one of your password then they might be able to access all your accounts by simply guessing your variations of adding punctuation mark and adding capital letters here or there. So to keep your every account safe, use different passwords for your all accounts. Don’t use the same password.
3. Keep the passwords in a safe place offline
There are multiple ways to store the passwords that will help you to remember either it may be online or offline. If you want to keep the passwords away from the online setting, the best way is to store passwords in offline on a piece of paper. Don’t write the password exactly word to word. Give yourself a hint.
4. Keep your passwords safe by online methods
There are several online methods to keep the passwords safe. The most safest method is to use a password manager. This is a software that helps you to manage all your credentials away from the prying eyes. The database will be managed and encryped via master password.
5. By installing Anti-malware software
You can protect your devices by installing these type of softwares. It detects the malware and suspicious activity. This is a great way to get the maximum protection. If anything suspicious is detected, this software will make you alert.
6. By using Multi-authentication
Multifactor authentication means it combines two or more independent credentials:
- What the user knows – such as password,
- What the user has – such as security token,
- What the user is – by using the biometric verification methods.