Available Today: The Expanded LastPass Business Suite and New Research on Managing Identity in SMBs

Coming on the heels of LastPass’ move into identity, we are excited to announce the general product availability of our expanded LastPass business suite as well new research on how small and medium sized businesses (SMBs) are managing identity in their organizations today. 

The expanded LastPass business suite includes LastPass Enterprise now with a single sign-on (SSO) app catalog of 1,200+ in addition to password management, LastPass MFA, a multi-factor authentication (MFA) solution leveraging biometric and contextual authentication factors, and LastPass Identity which incorporates password management, SSO and MFA into a unified solution.  

The general product availability is complimented with brand-new research aimed at offering you clarity and actionable steps to further improve your organization’s IAM program: The SMBs Guide to Modern Identity. 

We partnered with market research firm Vanson Bourne to understand how organizations are managing identity today, particularly SMBs who may not have the resources of a larger enterprise. We surveyed 700 IT and security professionals at organizations ranging from 250 to 2,999 employees, across a variety of industries in North America, Europe and Asia-Pacific to understand the greatest risks, unique challenges and key priorities for SMBs. 

In the report, we’ve combined Vanson Bourne’s findings with what we’ve learned from our customers to offer you both quantitative and qualitative insights in managing identity. 

Identity Is a Top Priority, But There Are Challenges 

If one thing from the data is clear, managing identity is a top priority for IT professionals. We found 65% of organizations have prioritized upgrading their identity and access management capabilities, and 81% agree managing identity should be a higher priority. 

When it comes to specific technologies95% of IT security professionals surveyed report that their organization should place more emphasis on the importance of strong password behavior, 90% say managing user access is important to their organizational security, and 59% of IT professionals agree that strengthening user authentication with MFA technology is critical. 

However, SMBs are also facing challenges92% have experienced at least one identity challenge and the average organization struggles with threeIt’s no surprise then that 82% have been exposed to a risk due to poor IAM practices. 

Download the SMBs Guide to Modern Identity 

The SMBs Guide to Modern Identity explores these identity priorities and challenges in depth, as well as lays out the modern identity technology stack, the greatest areas of risk, the biggest identity priorities and more. Download the full guide today for the complete research as well as actionable insights to take the next steps in managing identity at your organization. 

Download the Guide