Securing Every Identity Is Critical to Your Business

The way we work has changed irrevocably – for the better. Workers are feeling more empowered to better balance their personal lives with their professional commitments. Taking a work call at the beach boardwalk or making time for a hike between meetings can easily be found on any LinkedIn feed.  At the same time, hackers have taken note of this shift in workplace priorities and geographies, with an alarming increase in cyberattacks (ransomware attacks alone grew by 150% in 2020). With workforces displaced due to the pandemic, and their desire to stay firmly put in this work-from-anywhere world, the days of employees sitting together at desks on the same network are becoming the exception rather than the norm.  With continuous change for businesses in the face of an evolving work and breach landscape, a password management solution that covers all employees is the most effective way to ensure every identity in your business is secure.  Let’s take a closer look at the state of the work-from-anywhere world and threat environment, and how an organization-wide deployment of LastPass can give you an identity advantage and password peace of mind.   

A work-from-anywhere world is here to stay

With the rise of remote work, people can spend more time with their families, skip a draining commute, and schedule their work duties around their life – not the other way around.  According to LastPass’s 2021 Psychology of Passwords report, 71% of people worked wholly or partly remotely over the past year. However, only 32% create strong passwords for work related accounts. And looking toward 2022, 41% of remote workers want to stay remote, a recent PwC US pulse survey finds.  Improved employee engagement, increased productivity, higher revenue, and reduced costs means that remote work is a win-win for workers and their companies. But employees must embrace working securely from anywhere, meaning businesses need to ensure the proper identity controls are in place and the appropriate tools are available. 

Cybersecurity attacks are growing – and evolving

Threats are evolving. Hackers are getting craftier. Alongside pandemic headlines, cybercrime continued (and will continue) to capture readers’ attention.  When 85% of data breaches involve a human element, according to the 2021 Verizon DBIR, employees' poor security habits – especially those involving passwords – are putting their companies at risk. In 2020 alone, phishing attacks doubled, with credential phishing the main culprit in the more damaging hacks. Email phishing saw an upward trend, according to Microsoft’s Digital Defense Report, and vishing (voice phishing) also increased. Hackers seem to be using the tried-and-true email route while diversifying to phone calls and voice messages to target their marks.  The 2021 T-Mobile breach was a particularly pernicious attack, involving social security numbers, driver’s license information, and International Mobile Equipment Identity (IMEI) numbers, reported WIRED – data beyond the typical names, phone numbers and physical addresses.  The RockYou2021 breach made headlines as the largest leak ever at 8.4 billion passwords; the 2009 RockYou attack involved 32 million accounts. Based on this upward trajectory of leaked credentials, we might be looking at an eleven-figure breach in the future.   In the face of a unique threat landscape, and with an increasingly dispersed workforce, how will your business keep employees secure while ensuring hackers stay far away?

Comprehensive password security is your best defense – at the best price

Although many believe that single sign-on (SSO) alone will protect your organization from making the headlines, a password management solution for every employee is an essential complement to lock down all access points. Many applications are not compatible with SSO, and IT may not even be aware that their employees are using certain applications as Shadow IT increases. With LastPass password management and options for SSO and MFA, your business can maintain complete visibility and control into your security while ensuring protection.  An organization-wide deployment of LastPass, or a Site License, offers a LastPass account for every employee in your organization at a flat fee versus a seat-based rate. This option offers you the flexibility to scale LastPass as your company grows, without any additional costs. You’ll be able to secure your entire organization while saving up to 25% on each license. What can a LastPass Site License do for your business? 

• A solution that scales: A site license not only ensures holistic wall-to-wall protection but also grows with your business. You can deploy additional seats to cover your entire organization as needed and add layers of security according to your access and authentication requirements. 
• High adoption, fast results: Employees are onboarded quickly, without the need for extra technology services, overhead, and time – meaning deployment is simple, which leads to better adoption. 
• Convenience: Employees can seamlessly generate, auto-fill, save and safely share (internally and externally) passwords from their vault. Access can be granted and revoked in real-time to ensure company data stays within company walls. 
• Comprehensive security: A site license means LastPass is deployed across your organization, not just select pockets. Employees are also provided a free, personal LastPass Families account to ensure holistic protection, wherever they are, both on and off the clock.

In addition to flexibility and functionality, LastPass Site License customers receive a Customer Success Manager (CSM) who will be available as you roll out LastPass. The cybersecurity arena is becoming a more dangerous place. How can you successfully balance employee happiness with security priorities? Secure your entire organization, wherever they are, and save up to 25% by moving to a LastPass Site License now.