Yubico and LastPass Provide Secure Password Management for Enterprise

PALO ALTO, Calif. and STOCKHOLM, August 15, 2012 – To meet the growing need for online identity protection, Yubico, the leading provider of easy and secure login technology, has expanded its collaboration with the popular password manager LastPass. Successfully proven with consumers, the LastPass Enterprise offering bundled with the YubiKey is now available on the Yubico web store.

Password managers assist users in easily managing multiple unique and complex passwords for a diverse range of services. Security experts recommend using a two-factor authentication token when logging into the password manager application, to ensure that hackers are unable to access the user’s repository of unique passwords.

“The LastPass Enterprise and YubiKey bundle offers companies a secure solution to easily manage and control their teams’ passwords, as the weakness of traditional usernames and passwords affect companies, no matter the size of the team,” said Stina Ehrensvard, CEO and Founder of Yubico.

Hundreds of companies already use the two-factor authentication token YubiKey for securing access to the LastPass Enterprise Password Manager. The spectrum of Enterprise users spans from non-profit organizations and IT consulting firms, to financial services and health-care providers.

“LastPass Enterprise is helping businesses save time while being more secure. LastPass provides an easy way to build shared password repositories with robust sync capabilities, enforce customized security standards, utilize reporting for auditing and compliance while reducing time wasted on helpdesk calls,” says LastPass CEO Joe Siegrist. “With the YubiKey bundle, there’s now an easy way to also enforce higher security standards for employees and better protect company data.”

The YubiKey USB authentication key simplifies the process of logging in with a One-Time Password (OTP) token, reducing manual typing of long passcodes from a display device to pushing a button while maintaining the high level of passcode strength. The practically indestructible device fits easily on a keychain and works on all computers and platforms without the need for client software.

For more information, please visit yubico.com and lastpass.com.

About Yubico

Yubico is the leading provider of simple, open online identity protection. The company’s flagship product, the YubiKey®, uniquely combines driverless USB hardware with open source software. More than a million users in 100 countries rely on the YubiKey two-factor authentication, enabling instant and secure access to computers, networks and cloud applications. Customers range from individual Internet users to e-governments and Fortune 500 companies. Founded in 2007, Yubico is privately held with offices in California, Sweden and UK. For more information, please visit yubico.com.

About LastPass

LastPass is the leading password and data management service, providing online users worldwide an easy, fast, and secure way to manage access to their digital life. It’s free to install on all browsers and computers, withPremium and Enterprise upgrades available for access to additional features and team-oriented tools. Founded in 2008, LastPass is privately held and based in Fairfax, VA.