The news represents a major milestone in LogMeIn’s longer-term strategy to redefine cloud identity and expand LastPass into a complete Identity offering for the SMB 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. Let’s face it: sometimes implement SSO with a SAML compliant application can be a lot of work as not all applications implement SAML well. 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,” said Frank Dickson, Program Vice President, Cybersecurity Products at IDC. “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 percent 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 lineup brings the control IT needs and the convenience users expect with three offerings.
LastPass Identity: A combination of LastPass Enterprise and LastPass 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, LastPass Identity gives granular control to IT and frictionless access to users.
“Password management is usually a customer’s first step in deploying identity management. Over the years as we worked with thousands of customers to manage access, it became clear that the needs of SMBs were not being met,” said John Bennett, General Manager, Identity and Access Management Business Unit at LogMeIn. “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.”