Anytime, anywhere account access with LastPass

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It happens to all of us. Some of us, far more often than others. You forget your password and you have to reset it. Then you have just another password to remember.

This common occurrence presents two problems. One, it’s overwhelming to have so many different and unique passwords for all the accounts you need and use every day. Two, it’s not secure to make it easy and use the same one, two or even three passwords for all of your sites. Think about all the personal data those accounts contain – your address, credit card information, phone number, even your social security number. You don’t want anyone to hack those accounts, but unfortunately, many people don’t realize this risk until it’s too late.

The reality is, it doesn’t have to be a challenge to protect your accounts and personal data, especially with a password manager. With LogMeIn Pro subscription packages, you receive premium access to LastPass, the leading password manager on the market, which gives you a hassle-free, secure vault to store all of your account information.

LastPass only takes a few minutes to setup and once you have an account, it remembers your passwords for you. This means when you visit a site where you already have an account, LastPass will auto-populate your username and password making it extremely easy – and safe – to access your accounts.

Stop wasting time writing, remembering and resetting passwords. Create one master password and keep the rest locked up in your LastPass vault. Visit LastPass.com to sign up for free, or login to your LogMeIn Pro account to redeem your complimentary subscription.

         

LogMeIn to Acquire Password Management Leader LastPass

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Today we’re pleased to announce that LogMeIn has agreed to acquire LastPass (incorporated as Marvasol, Inc.), the popular single-sign-on (SSO) and password management service.  A high growth business with millions of loyal users and an award winning product line, LastPass will immediately bolster LogMeIn’s position in the multi-billion dollar identity and access management (IAM) market, while accelerating one of the company’s key strategic growth initiatives. The deal is expected to close in the coming weeks.

The future identity market is being shaped by realities that come from end-user driven adoption of cloud, web and mobile apps – the bring-your-own-app (BYOA) trend — and increasingly decentralized approaches to managing identity in the workplace.   Seventy (70) percent of companies report using employee-introduced applications (as opposed to IT introduced and company procured applications) in the workplace.[1]  This is especially relevant to IT professionals and businesses since eighty (80) percent of cloud applications and services contain sensitive regulated or company confidential data.[2] Meanwhile, approximately two-thirds (64 percent) of internet users use the same passwords for most or all websites.[3]

LogMeIn is building a product and go-to-market strategy that embraces this BYOA reality and introduces new ways to help individuals and businesses secure access to sensitive information.  The LastPass acquisition is expected to play a key role in this effort, is highly complementary to LogMeIn’s existing identity portfolio, and offers a natural extension to LogMeIn’s leadership position in the access market.

“LastPass has a great business, a beloved and award winning product, millions of loyal users, and thousands of great business customers – they are synonymous with the category,” said Michael Simon, LogMeIn’s Chairman and CEO. “We believe this transaction instantly gives us a market leading position in password management, while also providing a highly favorable foundation for delivering the next generation of identity and access management solutions to individuals, teams and companies.”

Following the close of the deal, LogMeIn plans to bring complementary capabilities of its early identity management investments, including those of Meldium, which it acquired in September 2014, into LastPass.  In the near-term, both the Meldium and LastPass product lines will continue to be supported, with longer-term plans to center around a singular identity management offering based on the LastPass service and brand.

“LogMeIn and LastPass share a great common vision on reshaping identity and access management in ways that not only increase productivity but also improve security for individuals and companies, alike,” said Joe Siegrist, CEO of LastPass. “The striking commonality between our businesses, our products, and cultural DNA make this a great fit for both teams, and we believe a great win for our customers.”

Transaction Details

Under the terms of the transaction, LogMeIn will pay $110 million in cash for all outstanding equity interests in LastPass upon close, with up to an additional $15 million in cash payable in contingent payments expected to be paid to equity holders and key employees of LastPass upon the achievement of certain milestone and retention targets over the two-year period following the closing of the transaction.

Conference Call Information

LogMeIn will host a conference call to discuss the details of the transaction at 8:30am ET, today, Friday, October 9, 2015. Details as follows.

What: Conference call and live webcast to discuss LogMeIn’s acquisition of LastPass

When: Friday, October 9, 2015

Time: 8:30 a.m EDT

Live call: Dial In: 877-407-9124

Dial In (International): 201-689-8584

Replay Number: 1-877-660-6853

Replay Number (International): 1-201-612-7415

 Conference ID # for replay: 13621996

Webcast: https://investor.logmeininc.com

 

[1] Managing applications in the age of BYOA, Edge Strategies, April 2014

[2] Password security in a cloudy world, Enterprise Strategy Group and LogMeIn, 2015

[3]  Ofcom Adults’ media use and attitudes report, 2015

         

Promote Employee Awareness During Internet Safety Month

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June is Internet Safety Month, as designated by the US Congress with support from the National Cyber Security Alliance (NCSA). While Congress started this initiative in 2005 with a focus on Internet safety among children and teens, the goal broadened to promote awareness among all ages of Internet users. Today the NCSA declares safe online business practices as one its 4 key pillars.

At most small businesses, Internet safety starts and ends with employees. From email to Internet browsing to password practices, informed employee behavior is the best way to protect your business from unwanted problems. In honor of Internet Safety Month we pulled together 4 core tips to keep your employees informed:

1. Build Internet safety guidelines – The first step for a small business is to have an opinion on what is safe and what’s not, and make it known throughout the company. Put these rules and regulations into a document that you share with employees on their first day of work and post it where it can be found at any time.

2. Promote good password practices – More than 30% of adults have over 10 passwords to remember.  Whether or not you use a password manager, your employees hold the key to a great deal of valuable company data, and you want it to be safe from hackers. Require employees to change their password every 30, 60 or 90 days, and give them guidance to create strong passwords with tips such as:

  1. Don’t use obvious names, dates or numbers like your birthday, anniversary or hometown
  2. Include both upper and lowercase numbers
  3. Include symbols and characters
  4. Use at least 8 characters

3. Create awareness of email fraud – Prepare employees to look for potential phishing attempts that are designed to steal personal and valuable information. Safeguard your company by understanding the key signs of a fraudulent email and communicating them to employees. Have employees ask the 5 questions below if they suspect a phishing attempt. If they can answer ‘yes’ to one or more, the email might be suspicious.

Does the email in question…

    1. Want you to verify account information beyond email address?
    2. Ask for your password?
    3. Contain personal information like social security number or age?
    4. Include links or required attachments?
    5. Ask for financial information?

Also look for a message from the company to offer validity to the email. For example, LogMeIn adds this notice to the footer of every email it sends:
Important Security Notice: LogMeIn never asks for your password or other sensitive information by email. Do not click links or respond to a suspicious email! For details, visit blog.logmein.com/products/avoiding-phishing-attacks.

4.  Encourage two-factor authentication – As the use of cloud apps in SMBs continues to rise and more employees are introducing their own apps to get work done, it’s important for SMBs to stay in control of their data. Encourage employees to use a two-factor authentication app that adds an extra layer of security to valuable company information. Many two-factor options, including the LogMeIn Authenticator App, allow you to enforce this practice company-wide if desired. 2factorauth

These four tips are just a start to safe, secure Internet practices for your business. Learn more about how to protect your business at the NCSA site. Happy Internet Safety Month!

         

[INFOGRAPHIC] SMBs & the Cloud: The Truth Behind Password Security

Are you part of the password problem? The nearly 50% of people that keep all their passwords in a spreadsheet or the 27% that write them on paper (what’s that)? Forget the third of people that rely on memory; they’re probably using the same password for everything.

Good password management isn’t easy and consumer habits revealed in recent research from Enterprise Strategy Group confirm that. The more unsettling part is how unprepared individuals and small businesses are to deal with the consequences. About 60% of small businesses have no policies in place to address the rise of cloud apps in the workplace, and only 44% require employees to change their password every three months.

You can read the complete report, Password Management in an Increasingly Cloudy World, or check out some highlights and tips for SMBs in the infographic below.

Meldium_Password_Problems_Part 2

         

[INFOGRAPHIC] SMBs & the Cloud: The Rise of Cloud Apps

Another day, another new login. It feels like we’re adding new apps and websites to our repertoire every day. A social media tool here, an analytics site there. A recent research report by Enterprise Strategy Group found that individuals use more than 25 apps each month. Can you remember that many usernames and passwords? If you can, it’s probably because you’re using the same password for all your accounts.

The rising number of cloud apps and web services we use on a daily basis is becoming a bigger challenge not only for individuals but also for small businesses. Today’s professionals want to be productive from anywhere and to do so, they bring apps from their personal life into the workplace for a seamless transition from work to home and back again. This presents a challenge for small businesses, of which 60% have no full-time IT staff to manage the blurred lines between business and personal accounts.

You can read the complete report, Password Management in an Increasingly Cloudy World, or check out some highlights in the infographic below.

Nervous about the growing password problem for employees and small businesses? We are too. Stay tuned for Part 2 of SMBs & the Cloud: The Truth Behind Password Security, coming soon!

Meldium_Password_Problems_part 1

         

Meldium App Trends, Top Apps of 2014

 

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Everyday thousands of apps are developed hoping to make their way to the masses and seamlessly into the workflow of individuals, teams, departments and enterprises.  Each month our team analyzes our own usage data to give you a look behind the curtain and identify the most popular and trending web apps and services.

In this special edition, we rounded up the Top Apps of the Year by category to give you an inside look into the top tools in Analytics, Communication, Collaboration, Development, Sales and Marketing, and Social Media.  As always, we gathered this data from an anonymized version of our comprehensive audit logs and score apps on a 100-point scale based on the unique number of people who used it.

Click here to view the full results, along with an infographic, on the Meldium blog.

         

MELDIUM APP TRENDS, NOVEMBER 2014

We reviewed Meldium’s usage data in November to idenfiy popular and trending web apps and here’s what we found.

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We’re up to over 1,600 supported apps in Meldium, which means customers had many new integrations to choose from. At the very top of our rankings, the same pack continues to be in the lead, with Twitter,MailchimpGmail, and AWS all gaining points in our index.

This month, we saw strong growth from some great apps. Jenkins the popular continuous integration service, Kimono Labs, a powerful tool to generate an API for any website, StatusPage, a simple service to keep your users up-to-date about service outages and finally OneSky, which helps translate apps, websites, and games.

Click here to read the full App Trends Report. 

         

Meldium App Trends, October 2014

Just like the Billboard charts for music and the Nielsen ratings for television, Meldium App Trends looks at usage data to identify popular and trending web apps each month. Each app is scored on a 100-point scale based on the number of unique people who used it, and usage is compared to the previous month. We gathered this data from an anonymized version of our comprehensive audit logs, which record every single app launch and give Meldium users a detailed trace of who is using what at their company.

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The Meldium team reviewed usage data for October and found that Twitter, Mailchimp, Gmail, and AWS are gaining points in the “Top Apps” category. Trello also posts the largest gain in the “Trending Up” category.