Fortune Favors the Bold - The Official Mastercard Podcast

How Do We Manage Our Passwords?

Mar 5, 2020
In this engaging discussion, Eric Mennell, a podcast producer with a focus on cybersecurity frustrations, opens up about the chaos of password management. He shares personal struggles with remembering passwords in our digital age. Experts Rebecca Leddingham and Cormac Hurley offer insights on boosting online security and propose innovative alternatives like biometrics. They explore the responsibilities of companies in protecting data and provide practical tips for creating strong passwords, all while considering a future where passwords may become obsolete.
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ANECDOTE

Password Loss Affects Personal Life

  • Eric lost access to his Facebook password and hasn't been able to check important messages from friends for over a month.
  • His example shows how password difficulties can disrupt personal communication and relationships.
INSIGHT

Digital Assets Need Many Locks

  • We protect each digital account separately unlike physical belongings secured under one lock.
  • This is because digital assets are scattered across networks, requiring multiple unique passwords.
ADVICE

Write Passwords Down Safely

  • Writing passwords down on paper can be safer than storing them digitally due to hacking risks.
  • Keep the physical list secure to protect your passwords from physical theft.
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