#1password pro con code
#1password pro con password

#1password pro con password

This is basically a very lengthy, complex password that only you know. Instead they employ what they call a Secret Key. Two-factor authentication is an awesome security feature, but it’s not troubling that 1Password doesn’t have it. The premise is that it would make it extra difficult for a person to access your account especially if they didn’t have your device.

#1password pro con code

Usually this consists of inputting your primary password and then inputting a code that is sent to your device (i.e. Two-factor authentication is basically when you have to log in twice to access a site.

Some people knock 1Password for not having two-factor authentication, but it’s really unjustified. Of the three providers that I reviewed, 1Password has the reputation for being the most secure. I would argue that it would be safer to store your passwords with a password manager provided they have the right security measures in place. Either way, there is a risk that your computer gets stolen, your notes get lost, your house burns down, someone hacks into your computer, etc. Perhaps they are on your computer or written down somewhere in your house. If you don’t use a password manager, then you have to keep track of your passwords somehow. But the reality is that risk is present no matter which route you go. One of the reasons that people tend to shy away from password managers is that they don’t want their passwords stored in the cloud (more on this below). When you are using a password manager, you have your passwords available at your fingertips without having to remember every one of them (which would be impossible unless you are one of those people who uses the same password for everything – please don’t do that!). This is very critical as many people choose to have the same password (or a very similar one) for all sites that they visit. That way, you don’t have to jot them down in a notebook, a sticky note, or a Word / Excel document.Īdditionally, password managers help you to generate passwords so that you can have unique and very complex passwords for every site that you log into. Therefore, managing passwords becomes a key component to protecting those accounts – something that a good financial planner should help you with.Ī password manager is an app / service that securely remembers all of your passwords.

The reality is that many people access their financial accounts online these days. Now that we have that out of the way, you may be wondering why a financial planner is writing about password managers considering that I am not an IT professional. For the more technical items or questions, you may have to do a little bit of investigation or perhaps you can leave a comment below and one of our IT clients / viewers can chime in. But you likely already knew that since this is a blog on financial planning and investment management tips. Also, let me disclose that I am not an IT professional. But from my understanding these apps also work well with non-Apple products. I reviewed three of the leading password management apps (Dashlane, LastPass, and 1Password) and hopefully this blog post will help answer the question – Are Password Managers Worth It? I’ll also share why I believe a password manager is important to you from a financial planning perspective.īefore I get started, let me disclose that I only tested these password managers on Apple products (MacBook Pro, iPhone, and iPad). I had never given much thought to using a password manager, but it prompted me to do a little bit of research to understand the pros and cons of using one. A client of ours recently turned me on to Dashlane, a very popular password manager.