|Apr 15, 2014||LogmeOnce CEO Kevin Shahbazi: Do Not Change Your Passwords Until Heartbleed Bug is Fixed|
In the wake of the Heart bleed Bug, some inexperienced vendors are suggesting users change their passwords, but this won’t protect them from further attacks
WASHINGTON, D.C., April 15, 2014 — Last week, the Heart bleed bug was discovered. Since then, many companies and a few inexperienced security vendors have rushed to put out ill-advised statements. One of those theories is that users need to immediately change their passwords so they can maintain their online security. According to LogmeOnce CEO and security expert Kevin Shahbazi, this will not only not protect you, it could increase your risk of a cyber attack.
“Users should not change their passwords right now, it will not help the situation,” says Shahbazi. “The problem with sites affected by the Heart bleed Bug is that hackers can visibly see your passwords. And until the infected sites clear up the problem themselves, it is advisable not to change your password. And be careful because the Heart bleed Bug affects more than just websites, it can also get into smart phones, security cameras, switches, virtual private networks, company video conferences, etc. It’s a very serious security issue and that can’t be overstated.”
This problem stems from the fact that the majority of people rely on one layer of protection (ex. SSL). LogmeOnce believes security is a multi-layered approach to build your defenses. Because LogmeOnce doesn’t use a third-party USB sticks, their military-grade, 26-layer encryption method operates entirely within the LogmeOnce system, providing even better protection.
Fresh off their experience at Trust Digital, which was acquired by McAfee in 2010, founders Kevin and Mike Shahbazi launched LogmeOnce on April 3. The LogmeOnce password manager lets users securely log in from any device with a master password. LogmeOnce is the only company in the market that provides users with multiple options to save their credentials and store in an encrypted cloud, their own desktop or a LogmeOnce USB. It also supports multi-factor authentication, which will significantly cut down the amount of time and effort users need to manage their accounts while giving them peace of mind.