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Don't be dumb: 5 Simple security ideas for your financial accounts

It's 2016. We're more connected than ever before. It's a good thing. We're not going back anytime soon.

You hear all the stories about hackers. Think they're really smart with advanced password-cracking algorithms? Maybe.

But usually it's because your password is dumb.

​I saw this article about the most popular passwords in 2015. Dumb.

And here's a hacker talking about how to make your passwords better. He basically says "Don't be dumb."

Watch this video for 5 simple security ideas for your financial accounts:

5 Simple Security Ideas

Here are 5 simple security measures you should take with the passwords for your financial accounts. Don't be the weak link:

  1. No simple words - If your password is "kittens" you're asking for trouble. The most basic hacker tool is a dictionary algorithm. Yep, it just tries all the normal words.
  2. Longer is better - The longer your password, the harder it is to crack. But remember #1 above. "Supercalifragilisticexpialidocious" is probably in the dictionary algorithm.
  3. Not all the same - Each site you access should have a different password if possible. Too hard to remember them all? See #4...
  4. Get a password manager - The easiest thing to do is use a password manager like Lastpass.com. It will create passwords for you. As long, random and complicated as you want. The paid version will work across all your devices too. You then create a single super long and random Lastpass password to access your other passwords. Mine is 30+ characters with capital letters, numbers and symbols.
  5. Two-factor authentication - This is where you enter your username and password, but before you're logged in you have to provide a randomly generated PIN that's sent to your cell phone. It's an extra 10 seconds, but totally worth it.

Here's a great article from Bill Hess at PixelPrivacy.com. He provides a lot of detail and actionable ideas. Go read it now.

Please take the time to do this now. It will become a habit soon and you'll no longer be the weak link.

Don't let a dumb password be the thing that sidetracks your financial goals.

Saving, investing and building wealth are already hard enough!​

Let me know what you think in the comments below...

Tommy Sikes​

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