Steve Horwitz reports:
This is a great article on CNN.com
today about companies that will take care of your "digital assets"
after you die. You pay them a fairly small fee and they keep track of
all your email ids/passwords, bank accounts, etc. so that your loved
ones can have access to them if you die without leaving all that
information behind. They promise to store them securely of course.
As the archive team noted, this is more or less a terrible idea. It’s like a last will, only more expensive, and not legally binding. And, of course, if they go out of business, your information is either lost (bad) or ends up in hostile hands. (worse)
Imagine the ramifications if you forget your password for one of these “digital asset” companies! All of your other passwords lost. Thus, I have a new business idea: safely storing your master password.
Does anybody else feels it’s kind of dangerous to keep all these sensible data stored together?
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