4 Ways This Password Manager Keeps Your Business Safe and Helps it Grow Save time and resources while doing your best work securely.

From small business to enterprise-level organizations, more than 90% of jobs today across all industries require some level of digital skills¹. With more employees doing more work online, the number and type of cyberthreats multiplies every day. It can be difficult for a growing company to truly thrive when so much time and resources are needed to safeguard against online threats.

Luckily, there is a solution. Looking deeper into the cause of these vulnerabilities, it turns out that 80% of data breaches are the result of weak, reused, or stolen passwords and other credentials². In other words, leveraging a powerful password manager can help keep your business safe while allowing your employees to focus on what they do best.

That's where LastPass Business comes in. It's a comprehensive password management solution that's designed to enhance security and productivity in the workplace. Here are four big ways it helps businesses large and small stay safe online and grow.

1. It boosts productivity in many ways

Most importantly, LastPass Business is designed for everyone—from tech experts to novices. That means it saves time by making managing passwords effortless with intuitive features such as:

• Auto-generating passwords to help you create safe, secure passwords that follow all the rules in just one click.
• Auto-save features so you don't need to keep track of every password all the time.
• One-click autofill to help you login effortlessly and easily.
• Passwordless login for maximum security whenever you need it.
• Device syncing which makes credentials easily accessible across your systems or devices, which is perfect for work and life.

Thanks to additional features including credential sharing and secure note and folder file sharing, as well as single sign-on integrations with many top apps, collaboration between internal and external teams is safe and easy to navigate.

2. Improves cybersecurity and provides peace of mind

Think about all the apps and platforms you use every day. Each one requires its own login credentials. It's a pain remembering all those passwords and keeping them safe. Now, multiply that by the number of employees at your business and there are a lot of potential ways hackers and other bad actors online can take advantage of password vulnerabilities.

LastPass Business was created to protect all your passwords, so you don't have to. Login to work using strong and unique passwords that are stored in an encrypted vault for maximum protection. With LastPass Business, owners, their IT leaders, and employees across the business can rest easy knowing that their online accounts and apps are protected from unauthorized access, account takeover, data breaches and more.

You also get access to advanced reporting capabilities. Automated detailed reports will provide your business with visibility into things like user activity, cybersecurity policies, and activity between end users and your service provider. It can also notify you of weak, reused, and old passwords with personalized recommendations and alerts.

3. So customizable, it scales as your business grows

How you use LastPass Business is up to you and your team—today and years from now as your company grows. With the ability to configure more than 100 security policies, you can customize the way it manages your security, accommodating for the different needs of larger teams vs. smaller teams.

Another bonus: The LastPass Families Plan. Free of charge, it's available for any employee to use with their family and friends. As our business and personal lives continue to blend digitally, this tool helps provide peace of mind that you and your loved ones' experiences online are happening securely.

4. One step closer to being confidently compliant

Depending on your location and industry, there could be a myriad of compliance issues that your business needs to adhere to. And for good reason. Hackers and other bad actors online are constantly after sensitive information and regulations exist to ensure that companies large and small are protected and protect their clients as well.

From HIPPA (health insurance) to SOC 2 (service organizations) to ISO/IEC 27001 (internal company data like financial statements and intellectual property) to PCI DSS (online payments) and beyond, there are checks and balances to help businesses protect sensitive customer information. At the foundation of any successful compliance program is password management.

Thankfully, LastPass Business can help. With unique, complex password management and monitoring across an organization, password security is made so easy that you're at least one or two steps closer to reaching your compliance goals.

Click here to learn more about how LastPass Business can keep your company safe as you grow.

^{1 Closing the Digital Skill Divide (National Skills Coalition, 2023)
2 Verizon's 2023 Data Breach Investigations Report (2023)}