New SME password management tool launched

LogMeIn has recently unveiled an expanded suite of LastPass Business solutions bringing to life a comprehensive identity offering, built forSMEs. Expanding beyond its signature password management capabilities, the new LastPass Business line-up introduces new single-sign-on (SSO) technology for more than 1200 apps, as well as LastPass MFA, an adaptive, biometric-based authentication solution, and LastPass Identity, a unified access and authentication solution to securely manage user identity. The aim is to enable companies of all sizes and resources to quickly and easily deploy an affordable, flexible identity solution, improving the security posture of the modern workplace.

This move is part of LogMeIn’s longer-term strategy to redefine cloud identity and expand LastPass into a complete identity offering for the SME market.

“While SSO provides security and convenience and is a fundamental component of any Identity and Access Management program, it doesn’t cover all of the apps being used in a workplace,” Frank Dickson, Program Vice President, Cybersecurity Products at IDC, said . “The reality of today’s work environment is that hundreds of cloud applications are being introduced by employees and the IT teams are pressured to achieve high levels of security without introducing complex authentication processes that may reduce workforce productivity. Putting a unified identity solution in place ensures all of those applications are ‘captured’ and managed by IT policies, relieving the burden on the IT department.”

Many small and medium-sized companies don’t have the resources to implement robust security programs. According to Verizon’s 2019 Data Breach Investigations Report, 43 per cent of small businesses fall victim to data breaches.

Aimed at addressing the challenges associated with managing access and identities in a small or medium business, the new LastPass Business line-up brings the control IT needs and the convenience users expect with three offerings.

  • LastPass Enterprise: A simple solution to secure every access point, LastPass Enterprise now includes SSO technology with a robust catalogue of 1200+ pre-integrated apps, in addition to its existing password management capabilities.
  • LastPass MFA: Going beyond standard two-factor authentication, LastPass MFA offers biometric and contextual factors to ensure the right users are accessing the right data at the right time, without added complexity. It touts a simple, intuitive multifactor authentication experience makes it painless for end users and easy for admins to deploy quickly, without the help of professional services or dedicated training.
  • LastPass Identity: A combination of Enterprise and MFA, LastPass Identity provides a holistic view of end-user activity from a single dashboard that covers passwords, authentication, and all apps in use. From single sign-on and password management to adaptive authentication, it gives granular control to IT and frictionless access to users.

“Over the years as we worked with thousands of customers to manage access, it became clear that the needs of SMEs were not being met,” John Bennett, General Manager, Identity and Access Management Business Unit at LogMeIn, said. “With our new identity and access management offerings, we’re providing these companies with secure, flexible solutions that easily fit into their existing infrastructure, allow for a simple deployment, and at the same time meet the expectations of their end users.”

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