Safe Passwords
When your online login credentials are stolen, you are at risk for fraud. Here are some tips for better password management to help mitigate your risk.
Create more complex passwords
The longer and more complex your password is, the harder it will be for a fraudster to crack. When possible, make your passwords at least 14 characters long and use a combination of letters and numbers. Additionally, don't use personal information, such as your name or address in your passwords, as this information is easier for fraudsters to guess.
Use different passwords for different online profiles
Fraudsters take the information they extract and attempt to use those login credentials on different websites, with which you may also have an account. By using different passwords, you help to ensure that the only online system that is at risk is the one for which data was compromised. This is especially true for banking. Never use the same password for your online banking login that you use on other websites.
Don't store your passwords in an unsecure location
Keeping passwords in unsecure locations, such as written in a notebook you carry, on a sticky note near your computer or saved in an unsecured file on your computer, can quickly lead to password theft. Try to create a system for generating passwords that are easy to remember, while still differentiating between passwords and maintaining complexity. If you have too many passwords to remember, consider using a password management program.
Keep your passwords to yourself
Don't share your passwords with anyone, including friends and family. Instead, create separate login credentials for each individual using any particular online system, especially online banking.