BOSTON, Oct. 01, 2018 (GLOBE NEWSWIRE) -- LastPass by LogMeIn, a leader in password management, today released the first annual, “2018 Global Password Security Report,” revealing true password behaviors in the workplace and creating a benchmark that businesses can use to measure progress when investing in password security tools. The global report, which analyzed anonymized data in over 43,000 companies of all sizes, industries, and geographies using LastPass as their business password manager, draws a precise picture of password management for the business IT community. Two benchmark scores are highlighted in the report: The LastPass Security Score and the LastPass Password Strength Score1.
Released on the first day of National Cybersecurity Awareness Month (NCSAM), data from the report reveals that while businesses are making strides in strengthening password security, there’s more work to be done –with the average password security score of organizations found to be 52 out of 100.
“Security professionals often fail to consider the value of the first factor of enterprise authentication— the password. Despite the sophisticated security measures enterprises are putting in place, something as fundamentally simple as a password is tripping them up,” said Frank Dickson, Research Vice President, Security Products at IDC. “Having a security benchmark such as what LastPass has provided with this report will help enterprises quantify their password risk, compare how they stack up to enterprises of similar size, and gauge the effectiveness of their enterprise password management deployment.”
Additional key findings include:
“Passwords continue to be a challenge to cybersecurity in the workplace, and attacks continue to grow in number and complexity every year. Despite these threats, businesses have struggled to quantify their own level of password risk,” said Gerald Beuchelt, Chief Information Security Officer at LogMeIn. “This report offers fellow information security managers a tool to compare their own company’s password scores with a large sample of peers and competitors. In turn, security departments are now better equipped to identify the gaps in their security program and measure progress when investing in password security.”
LastPass anonymized and aggregated data from more than 43,000 organizations who use LastPass as their business password manager. Much like The LastPass Password Exposé, this report represents organizations of all types and sizes across nearly every industry. Compared to that report, the data set has grown significantly and allows us to draw a more precise picture of password management. Though the data only reflects LastPass users, we’ve broadened our conclusions for the business IT community at large.
LastPass is an award-winning password manager helping millions organize and protect their online lives, at home and at work. For businesses of all sizes, LastPass provides secure password storage and centralized admin oversight to reduce the risk of data breaches and remove password obstacles for employees. With customizable policies, secure password sharing, and comprehensive user management, LastPass gives IT the tools to strengthen password hygiene across the organization. For more information, visit https://lastpass.com.
LastPass is a trademark of LogMeIn in the U.S. and other countries.
About LogMeIn, Inc.
LogMeIn, Inc. (Nasdaq: LOGM) simplifies how people connect with each other and the world around them to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses. One of the world’s top 10 public SaaS companies, and a market leader in communication & conferencing, identity & access, and customer engagement & support solutions, LogMeIn has millions of customers spanning virtually every country across the globe. LogMeIn is headquartered in Boston with additional locations in North and South America, Europe, Asia and Australia.
Lauren Van Dam
1 The LastPass Password Strength Score evaluates the combined, averaged password strength of all passwords stored in the user’s vault. The LastPass Security Score builds on the Password Strength Score to evaluate whether passwords are duplicated, vulnerable or otherwise weak. The score also considers multifactor authentication usage and other security settings, to show the complete picture of password security for an individual user.