Here’s the problem with this strategy. Let’s assume that you have a Gmail account, an Amazon account and some accounts at big-box retail stores. You use the same password on all of the sites, and you use it for the account you set up on the great website you found to order gift cards as client gifts – at 10% less than their value. Then, the gift-card website gets hacked or falls victim to an attack. Not only do the crooks get your credit-card information, they also get the list of all of the website’s users and those users’ passwords. They publish the list freely out on the internet. (Don’t believe it? Check out https://rehmann.co/projects/10mil/).
Since you used the same password on their website as you did on Amazon, Gmail and other websites, all of these accounts are now in the hands of anyone capable of a Google search. That’s why it’s important to have different passwords for EACH website and application.
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