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  • Writer's pictureStanley

5 Reasons Why Password Storage is Essential for Everyone

Updated: Dec 1, 2021

Passwords aren't great security measures. That’s because most people use weak or easy to guess passwords. The most efficient way to improve your internet security is with secure online password storage. This feature of vaultbox securely stores passwords. And since there is no need to remember them you will naturally embrace stronger passwords. Here are 5 reasons why you should make this software part of your security hygiene.

1. When you lose your password

With all the websites we visit daily, forgetting passwords is inevitable – as well as painful! And, of course, most of us are guilty of using the same password over and over again. What happens if your password is forgotten? Most sites have a method to reset your password, but at a minimum it is inconvenient and time-consuming.

2. Using a browser to manage passwords isn't safe

Most modern browsers provide a basic feature that stores passwords. Unlike vaultbox, most browser-based solutions do not place a high priority on security. vaultbox takes security seriously. Security is in the fabric of vaultbox’s architecture and culture. All data uploaded into vaultbox is encrypted with the latest technology available and bank-quality AES encryption.

3. Supports multi-factor authentication

Multi-Factor Authentication (MFA) is essential for protecting the security of your data. By entering a code generated and sent to your mobile phone, you can be sure that even if a hacker had access to your password your data is still safe.

4. Creating strong passwords

A password is deemed secure if it has a random combination of numbers, symbols, capital and lowercase letters, and is at least 12 characters long. Creating strong passwords may seem like a daunting task, especially when the recommendation is to have a unique password for each site you visit. Some users still use identical passwords repeatedly across multiple sites which is a dangerous practice, compromising all their web information. With online password storage and managers, users can automatically generate secure passwords or simply create a secure password without having to worry about remembering them.

5. Legacy management

In the event of death or incapacitation, what happens to all your digital data? Do you have contingency planning so that your loved ones can access to your asset’s information?

There might be certain critical passwords you would want your nominated confidants, family members, business partners, or legal representative to be able to access. With vaultbox’s smart legacy management function, users may appoint personal delegates or a professional deputy to follow the instructions you set.

What if I already use a password manager?

That’s great! New generation password managers help ensure you have strong and unique password. But these stand-alone systems aren’t designed with legacy management and contingency planning in mind. By storing your password manager information in vaultbox, you ensure the right people have access to your password manager at the right time.

vaultbox also has many practical features that you can utilise. Beyond just storing passwords, it allows you to organise your assets, liabilities, files, contacts, and set reminders - all in one platform. You also have the ability to link entries together, giving you a complete picture of information. This eliminates fragmented files in different folders without any linkages and connections to one another.

There are your 5 Reasons Why Password Storage is Essential for Everyone. Now take advantage of the 30-day free trial to explore vaultbox – no payment details required to sign up.

Stay on top of the passwords. Try vaultbox now for free with a 30-day trial.

Why use vaultbox?

Having a safe and easily accessible platform for all your important information has never been more important. That’s where vaultbox comes in.

vaultbox provides a digital solution for financial and legacy planning. We help you manage and protect everything that matters in one place. vaultbox also ensures that your data is secure and private, so private that even we do not have access to the data you have stored on your vaultbox. However, you can choose your family members, friends or appoint selected professional deputies to have access to your vaultbox account - under specific conditions that you create.

vaultbox also helps users accurately track their data with easy to generate pre-formatted reports. vaultbox’s automated reporting and analysis features enable you to holistically monitor your progress towards your financial goals. These auto-generated reports are reliable, precise and can be presented as an easy-to-understand summary with useful graphic formats.

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