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Today, people have a large number of passwords for social media sites, business connections, shopping pages, online banking and much more. Although it is important to use strong passwords and use different passwords on each site, it can be difficult to remember them all. With a password manager, simply login to the site, provide the master password defined for the password manager in that software, then log in to the site and the username and password will be stored for you.

Computer networks are an important part of the infrastructure of many productions, administrative, financial and military systems. So, there are always important steps you can take, whether you are developing the web or developing goods in general, to protect your product. The security issue is becoming increasingly pronounced and encouraged by the widespread use of Internet networks and mobile wireless communications.

The mistrust and concerns of consumers, mainly regarding the protection of their private information and the risk of being exposed to online fraud, have been the main barriers to online activities. With all the potential that e-commerce offers businesses and consumers, it is in the interest of businesses to increase the trust of their online users.

There are different e-commerce perspectives: communication, business process, service process, and online perspective.

  1. Communication perspective: electronic sharing of information, products, services or payments.
  2. Business process perspective: application of technology in business, automation and workflow transactions, or business.
  3. Service perspective: allows you to reduce costs by increasing the speed and quality of service provision.
  4. Online perspective: buying and selling products and information online.

It is very important to have strong passwords to maintain system security. When creating the password, it is advisable to use a combination of numbers, letters (a combination of upper- and lower-case letters) and a special character (hash, percentage, semicolon, colon, question mark, etc.).

Hackers use certain tools to crack simple passwords in minutes. There are programs on the Internet where you can check the strength of your password and the time it takes to crack it. Use strong and secure passwords. The more complex the password, the surer you are that someone is less likely to crack it.

Password Managers – Definition and Application

Password Manager is a software application. This particular application is used to create, store and manage the passwords that users have for their numerous online accounts and security features. (Example: Google Password Manager)

Many password managers are available: some are provided by browser providers as part of the browser, some are provided by third parties and many are network-based where passwords are stored in the cloud and synchronized between user devices. Given the sensitivity of the data they manage, it is natural to study its security.

  • Password managers are designed to relieve password fatigue, reduce users’ cognitive load and reduce access times.
  • They can also indirectly facilitate better password quality and less password reuse.
  • A naive password manager simply stores passwords, while security-conscious managers lock passwords stored with a master password.
  • Password managers can also incorporate other techniques to strengthen or encrypt passwords.

Password managers also have some drawbacks.

  • To use a password manager, existing accounts must be migrated to use the password manager, which may require changing the current passwords.
  • In the event that an opponent accesses the manager’s memory, a naive password manager does not offer protection, making it a very valuable target.
  • With a master password, the manager provides, at best, a level of protection based on the strength of the master password against an offline attack, provided that the attacker has access to the manager’s storage.
  • This assumes that theft does not occur when the manager has unlocked passwords for the duration of a session, in which case the protection offered is significantly reduced.
  • Password managers who keep passwords unprotected during use do not always clearly indicate to the user the current status (locked or unlocked) of the system.
  • Password managers can be divided into sub-categories based on credentials.

Some Random Facts About Password Managers

  • Password managers (client-side tools to help with password authentication) offer the promise of a compromise between overcoming the disadvantages of password authentication and respecting the factors that prevent pure and simple replacement.
  • The current security warning given to users regarding passwords is unsustainable.
  • Users are expected to create complex and unique passwords for each of their individual accounts and these passwords must be protected indefinitely from compromise and loss.
  • The assessment of the burden of these requirements along with the potential revenue they provide has been supported by some to indicate that users’ rejection of password suggestions is entirely rational.
  • The need to lighten the memory load imposed on users by these unrealistic cards motivates password managers as a class of potential solutions.
  • Password managers are all working to reduce the number of passwords that a user must keep in memory.
  • Some password managers achieve this by acting as a storage medium by validating passwords on a storage medium other than the human mind.
  • Others achieve a reduction in cognitive load by strengthening or extending a password stored in multiple unique passwords.
  • In addition to the usability benefits of reducing memory requests, many password managers also offer great implementation benefits, compared to simply replacing the password.
  • Password managers can act transparently as an intermediary between the user and the service to which they provide a password, without requiring changes to the code or other authentication options provided by the final service.
  • The downside is that preserving passwords as an underlying authentication mechanism prevents password managers from correcting all password security errors instead of choosing better compatibility with previous versions of existing services.
  • Password holders remain largely familiar with password authentication (for example, usernames, passwords) and can be adapted for each user.
  • Their biggest drawback is, depending on the details of the implementation, often a limited improvement in security.

Conclusion

For us, as we enter 2020 and the fastest growing technology, e-commerce website development, and even cryptocurrency, your security is paramount. And the easiest way to update, so to speak, you have online security, is to protect your passwords from your accounts. You don’t realize that the threat is real, as long as it doesn’t hit you, so stay safe with strong passwords manager while on the Internet.