Hacking your Gmail, Stripe, iCloud, and your bank directly is hard because those giant companies have large IT security departments. Hackers know a much easier road: breach a smaller company with no security team, take the username and passwords from those breaches, and then use them to log in to Gmail, Stripe, iCloud, and banks. If you use the same passwords across multiple platforms, even relatively similar, then you’re considered easy prey. I dare you to click on this link to see the amount of companies hacked in 2019 and 2020…I bet you had an account with a few of them.
The best way to reduce the chances of having your accounts taken over like this is to have a different strong password for every online account you have. If one account gets breached, you only need to reset that account, and you don’t need to fear having every single one of your online accounts compromised. Remembering tons of passwords would be impossible with just your memory and is why you need to use a password manager to hold the credentials for all of your accounts in a secure and convenient place.
I recommend Bitwarden. It has:
- Full end-to-end encryption with open source code that has been reviewed by professionals around the world
- Independent audits performed by 3rd parties (read: professionally reviewed by companies not related to them)
- Great browser plugins and apps for both mobile and desktops
- A free tier that will work perfectly fine for most solo-preneurs and is reasonably priced for startups & teams
You can download it and get started here: