The Importance of Password Management: Lastpass

Password Insecurities

Have you ever been concerned about forgetting a password or even feeling insecure about your current passwords in place? How is it that you store your passwords now? Is it in a notebook, on an excel or google sheet, or are you just memorizing all your passwords? According to Verizon’s DBIR report 80% of hacking related breaches in 2021 have come from brute force or lost/stolen credentials. This is especially alarming considering a lot of people do not understand the value of having secure passwords and what a good password even looks like. Lastpass solves these problems by functioning as a top class password management service that has security encryptions to stop against any brute-force attack.

Why Lastpass?

Lastpass is a password manager system that remembers your passwords for you so you no longer have to remember them or insecurely store them. All a user will need to remember is their master password, which functions as a security vault, and encrypts all of your password data so only that user can access it. IT admins at companies love this technology because it allows them to customize Lastpass to meet their specific security needs through the features, options, and different settings available. Admins can set as many security policies they want for their users and even see detailed analysis on reporting. Lastpass uses local only encryption, meaning that all sensitive vault data is encrypted and decrypted only on the user’s local machine. Lastpass technicians also actively monitor suspicious activity on your account such as multiple failed login attempts or brute-force attacks. These accounts will be suspended automatically when any irregular activity is occurring.

Ease of Use

To set a company up with Lastpass, the admin can simply do a mass upload of their users through their AD directory or via a CSV file. From there, each user would receive an email invite to create their unique account. The admins can set the standards for how strong the master password needs to be, and they can set duration times for when passwords need to be updated. The master password gives the user access to their vault, which is where they can manually add all their different sites and logins they use through the company, while also organizing different passwords into folders according to categories. Lastpass will automatically generate secure passwords for you to autofill on sites when you need a new password or are required to update an old password. The best part of lastpass technology is that it is rapidly deployed across your company with very quick adoption.

Urgency

With the average user of a company having up to 191 password credentials and with ransomware threats being more prevalent than ever, using Lastpass as the first line of defense is a good first step in the battle that will help IT leaders sleep better at night. Providing education of password safety to employees alone proves ineffective, but giving the IT team the power to have actual visibility into password strength of their employees, will be crucial. Lastpass has hundreds of other features and different policies that would be too time consuming to cover all in one blog, however, feel free to reach out to us and we can get a demo set up right away so you can explore more into this tool.