Digital Assets Management

Your digital assets are more valuable than you might think. Do you know what will happen to them if something happens to you? Legacy Locker by Password Box is the best way to guarantee access to your online accounts for those you want to receive them – be it a spouse, child, friend or colleague.

You’ve probably heard the term ‘digital identity’. It’s an idea that we think about a lot, so that our members can think about it less. But what is a digital identity? And how can you best protect yours? ‘Digital Identity’ is you, online. At least, that’s the idea. Passwords and usernames are part of your Digital Identity, and so are your social profiles, email accounts, online services and cloud storage – basically anything and everything you own online. That all makes up your digital identity. But how do all those sites online know that you’re you? On the vast majority of the world’s websites, you access your own account by entering a username and password. Those two pieces of information are part of your digital identity, and you should treat them as you would the key to your home’s front door. When you go through the login process, the system recognizes that you have the necessary credentials – the correct username and password – and grants you access to the account. Simple enough, but what happens if your username and password are stolen? To put it another way, how does the front door know that you’re not the one holding the house key?

Recent advancements in using biometrics to prove that you’re you – like the Apple TouchID and Samsung fingerprint readers, and Nymi’s PasswordBox-compatible, ‘login with your heartbeat’ bracelet – have given us a glimpse into how we may manage our digital identities going forward. We may still need to enter a username and password, but we’ll have the added protection of a biometric factor as another layer of protection.

By it’s very nature, ‘digital’ identity has been a difficult thing to prove, and the system can be easily tricked by someone who is holding the necessary information. That is why we continuously recommend practices like using long, strong, unique passwords for all your accounts and changing them periodically. It’s also why we encourage users to change their passwords when they hear of a breach on a site that they use. And it’s why we’re always looking for better ways to help you protect your digital identity, while still being able to browse and enjoy the internet with ease.