Another Data Breach? How To Use A Password Manager

GREENSBORO, NC -- Another data breach. This time Toys "R" Us says hackers have broken into rewards accounts.

All of this also follows a string of other data breeches including a few months ago when a Milwaukee company called "Hold Security" said a gang of Russian thieves stole 1.2 billion user names and passwords.

Now the way the gang got this information is nothing new. But this breach is believed to be the biggest combined data theft in history--many times larger than the Target data breach. And right now, experts say there's no way of knowing if your account has been breached.

Related:Russian Gang Stole 1.2 Billion Net Passwords

But listen to the advice Tim Stevens, C-Net's editor gave on CBS this morning, "but we should assume every password you've got is no longer safe and you should go through and change them all again, because it is that massive. It is that massive, It's huge."

So you know what's coming next....right?

I'm going to tell you to reset all your passwords and you're going to groan, roll your eyes--or both. It doesn't have to be as painful as it sounds. Tech expert Kent Meeker, of Techscout, has a solution: a password manager! We talked to him about it first when the Heartbleed virus caused a data breach back in April.

Password managers creates and changes all new passwords for you, but you only have to remember one. And security wise password managers tend to use multiple forms of encryption.

"A place like Amazon isn't' designed to deal with passwords, but a company like One Pass, which is a password manager, this is their job, they are the most secure in what they do. I think it's 512 bit encryption so no one can break in."

Kent recommended LastPass, Dashlane, 1Password, Keeper and PassswordBox.


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