Financial Management

Password managers

Creating online access to your financial accounts is a good way to reduce the chance someone else might set up access to your accounts without you knowing it. The biggest risk of fraud occurs when you choose simple passwords and use the same password for multiple accounts. It is best to choose multiple strong passwords but then you run the risk of forgetting those passwords. What can you do?

Password management software is available to help. Password management software help you create strong passwords, provide two factor authentication, fill in the passwords for you, and automates password changes. Some software packages have a provision for digital legacy, which transfers your logins to a trusted individual in the event of death or incapacity.

If you have multiple online accounts and have trouble managing your passwords, consider using password management software to help.