my1login is a cloud-based password manager that enables users to access all of their password-protected accounts and sites from any device, with only one login.
The new feature provides users with a comprehensive update and simply-understood infographic overview of the strength of their existing online passwords, categorising each from ‘very strong’ to ‘very weak’ and prioritising the accounts in terms of those requiring immediate attention. my1login can then automatically generate and remember super-strong replacement passwords for the accounts flagged up as vulnerable to malicious hackers.
Mike Newman, CEO of my1login, says: “High-profile password hacking attacks are becoming more and more common, with major players like LinkedIn and Yahoo facing legal action for failing to protect their members’ data properly. The potential financial and reputational costs associated with being hacked, both for individuals and for companies, are growing all the time.”
The Password Strength Report also classifies users’ passwords in terms of their ‘similarity’
Mike Newman explains: “The uniqueness of passwords is a factor that’s often overlooked in password security. People often use the same or very similar passwords across multiple sites, which is a huge risk. If one site gets hacked and the hacker gets a hold of your password, it could lead to a domino effect where your other accounts with the same password are hacked one-by-one.”
Mike points to a recent example, where the popular file-sharing company Dropbox suffered a data breach after an employee used the same password across his business and personal accounts. When his LinkedIn password was hacked, his Dropbox business account was illegally accessed soon afterwards.
Mike Newman says: “Password management is an issue that is finally being taken seriously by businesses. For large businesses with IT helpdesks, for example, it’s estimated that password reset call costs between £7 and £25 per incident and accounts for 30% of all helpdesk work.”
“Our mission as a company is to make people more secure online by adopting password management practices that help create a digital fortress around online identity. Our new Password Strength Report is another great aspect of our completely free service.”