, 2 years ago
A password manager is one of the most important tools that you will need to boost your IT security. What is the purpose of these tools and how do you use them properly? In this article we are going to teach you some of the basics.
A password isn’t necessarily secure, because there are different methods to guess passwords. Very simple passwords basically consist of words, names or numbers. The later is most of the time related to an important date or a person’s birthday. These phrases are easy to guess, because one only needs a list with all available words in the dictionary.
While it would take quite some time for you to try every single possible word in the dictionary, a computer can perform such a task within a blink of an eye. Therefore, a strong password needs to be more complex.
But achieving complexity comes with certain problems. First, if you think of a complete random combination of letters, numbers and special characters you might feel very safe. But the fact is that a password that you can think of is not as random as the random results generated by software.
A second problem is that it is very difficult for humans to remember many such random combinations. Our brains are wired to see and produce patterns.
This is where password managers will improve your security greatly. There are many solutions available on the market. Some of them are even freeware and are as good and reliable as any other solution that you have to pay for. Here is a list of features that your password manager must have:
With a manager you don’t need to worry about the randomness of your generated passwords and it is easy to remember them. For each website, user account or service you simply create an entry in your password manager and its unique password. If you like to login to a service you copy and paste the complex password form your manager.
Please note that the container with all your passwords and secrets must be password protected. You should generate this master password and write it down and store it in a secure place. It might be hard to memorize it, but from now on this is the only complex password that you’ll have to remember.
This way you only use strong and unique passwords. The reuse of weak passwords is one of the top 5 reasons for security breaches.
May 16, 2022
If you are considering investing in Bitcoin, you undoubtedly have questions about the soundness of the system. And rightly so. You will soon learn that the security and risks depend not only on the technology but also on the user: you. Together, you and Bitcoin are the bank. If Bitcoin is the vault, you are the one who keeps the keys. How secure are you, as a team?
Aug 24, 2021
Bitcoin is absolutely secure. That is a sentence that is perfectly true at the time of writing. But this is not only due to the fact that its technology has been proven in the past but also because of its network and its constant growth in the last couple of years. That being said, one should never take the transaction security of a network for granted. Bitcoin allows every user to check and verify literally everything in its network, including, but not limited to its monetary supply and if a transaction is valid or not.' But there is also the possibility of fraud, meaning that an entity could try and overtake the Bitcoin network. In this article we will discuss how this is theoretically possible and how likely this is to succeed.
Apr 11, 2021
Security is extremely important, because we want all our customers to be able to trade safely. This article will highlight all the important aspects to consider.
Mar 16, 2021
Customers of LiteBit enjoy a state-of-the-art security when it comes down to their accounts and their cryptocurrencies trusted with our service. However, there are specific steps that we cannot take on behalf of our customers and they are responsible to act according to security best practices. Responsibility requires awareness and knowledge; with this article we like to empower you to understand how to protect yourself and why this is so important.