If you’re someone who wants to protect your information, you may have considered utilizing a tool like a password manager. However, you may have doubts about storing your sensitive login details in one location. The following blog explores what you should know about these complicated matters, including the benefits and safety of password managers and the importance of working with a San Diego County identity theft lawyer to help you if your identity has been compromised.
What Are Password Managers, and Can They Protect Me From Identity Theft?
A password manager is a tool that many individuals and businesses use to safeguard their login information. The passwords stored in these systems are secured by a single, master password. Often, these tools generate passwords for the accounts accessed by the manager, and even automatically enter your login credentials for you.
These tools can help prevent identity theft by creating strong, unique passwords for every account. This helps avoid reusing passwords or using ones that are too weak or easily guessed. Using a password manager helps you avoid writing down passwords in unsecure locations or using passwords that have already been used for other accounts.
Are These Safe to Use?
While password managers are generally recommended for those worried about having their login information compromised, it’s important to understand that no tool is 100% foolproof. Unfortunately, if someone is able to guess the password to your manager account, they could access all accounts stored on the system. However, by enabling two-factor authentication, which sends a unique, one-time secure code needed to log in, even with a password, you can add an extra layer of security to the account.
It’s also important to note that, while exceedingly rare, it is possible for these systems to be the target of data breaches. Most password managers utilize something called zero-knowledge encryption, which means that the company itself will be unable to see your passwords. Additionally, your passwords are encrypted before they are synced to the cloud. However, there is no fully risk-free tool.
What Should I Do if I’m a Victim of Identity Theft Despite Using This Tool?
If your information is compromised despite using a password manager, one of the most important things you can do to protect yourself and your information is to immediately change all passwords for the compromised accounts and fraud alerts on your credit accounts with the reporting agencies. This can help prevent hackers from reaccessing your accounts and ensure that any creditor who extends a line of credit in your name knows you are a victim of identity theft. As such, they must take extra steps to confirm your identity before opening accounts.
When your information is compromised, working with an attorney is critical. Not only does this provide additional guidance on the steps you can take to reclaim your identity, but if the password manager was negligent in protecting your data, an attorney can advise you on potential legal action to seek compensation for the damages you’ve suffered.
When you need help as a victim of identity theft in San Diego, it’s imperative to connect with an experienced attorney with Barthel Legal. Our dedicated legal team will examine your circumstances to help you through these difficult times so you can fight for the best possible outcome. When you need help, our firm is here. Contact us today to learn more.
