TODAY   |  March 12, 2014

How to ensure your financial data is secure

According to the Identity Theft Resource Center, there were 619 data breaches last year, and 157 already this year. Financial editor Jean Chatzky joins TODAY to offer tips on how to make sure your finances are safe.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> this morning on "today's" "common sense" are your finances secure? after breaches at target and neiman mark cubs you have probably asked yourself that question.

>> there were 619 data breaches last year alone and 157 of them already this year. today, financial editor jean chat ski is here with ways you can fix that, quick, fast and a hurry. good to see you.

>> nice to see you, too.

>> we are kind of all in this pot, happening so frequently, so many different companies.

>> each of these breaches affects millions and millions of people, typically. target was just huge.

>> what is the first thing do you if you think you've been breached?

>> first thing you do is shut down that particular account that has been breached. deal with the problem and then you can notify the police, you can notify the credit bureaus to deal with that account first.

>> you are gonna quiz us.

>> i am. so excited. had 5,000 people take this quiz on and on jean chat so we have some results to compare you to.

>> i'm concerned.

>> here we go, which is the best password, a list of them. you can see on the graphics. is it password, password, password or password?

>> b?

>> yes. that is absolutely right.

>> lower case and then you're using numerical.

>> a strong password at least eight characters, letters numbers, symbols in the middle.

>> a ke$ha move.

>> a chat ski move. number two which is safer to use on daily basis, credit or debit?

>> credit.

>> debit.

>> she's killing you.

>> why?

>> no, it's he is crcredit because if your account is breached, you will not be liable for that money, but a debit account this he can get into your checking account and take you two weeks to get that money back.

>> do you get the money back.

>> do you get the money back, most companies these days is zero liability policies, you don't worry about that, just the hassle factor. number three, best place to keep a list of user names and passwords, a, your head, b, a piece of paper, c, a computer program ?

>> a, your head.

>> computer program .

>> computer program .

>> my head?

>> so,s here what's wrong with keeping passwords in your head, bad move to name every password the same thing and you are. you're gonna forget over time and resort to the same password on every account.

>> waste time resetting your password, which is what happens.

>> we like a program called dash it's free. it's a password memory program. and then you only have to remember the dash lane.

>> how do we know that's safe? we are putting all of our information in this one source, can't somebody hack into that?

>> no, and you keep the master password for dash lane. if your computer ever gets breached, then you go on their website, you just shut it down and change your password.

>> i got to get on the board here.

>> dash lane.

>> one more.

>> victims of i.d. theft spend how many hours correcting the problem? a, 12, b, 28, c, 33 d, 54?

>> c, obviously.

>> c. obviously.

>> thank you.

>> keep in mind that is four days worth of -- four days worth of time. four work days worth of time. do we have time for one more?

>> we got to go great information.

>> go online, take the whole