When Is A Password Is Worth $145 Million
I know we security professionals say all the time do not write your password down and do not share it with anyone. However, after reading this article I am adding an asterisk to my advice. If your password is vaulting $145 million dollars you may want to let someone know. There needs to be a business continuty/disaster recovery plan for your life!
The reason this article stood out to me was because earlier this week I was on a social platform that said a person likes this, and I know that person to be deceased. It was a bit creepy but it got me to wondering who would clean up my social presence when I die? That then got me to thinking about estate planning and I should have a list of passwords to my most important accounts, like banking, investment, social media, etc. and put it in a physical safe somewhere. Yes, written down on a piece of paper and placed in an envelope and put it in as safe that someone else knows how to retrieve!
As our lives become more digital and our security features are either something we know, i.e. passwords, something we have, i.e. a token or who we are, i.e. biometrics, serious thought should be given to personal backups. Even if it is not worth $145 million dollars, it’s worth something to someone.