LastPass Benefits

MK
Senior Systems Analyst/Administrator at a agriculture with 1-10 employees

LastPass uses one password to get into everything, which has to be secure because if somebody does get that main password for a certain user then they have the keys to the kingdom. However, this is not much different than if somebody has all of their passwords stored in an Excel file or Word file, and somebody gets into it. Even in cases where people have a password-protected document where they store all of their passwords, the password to get into it is simple. The advantage to using LastPass is that they will create very difficult master passwords and then guard them, as opposed to having an Excel or Word file in several locations. Sometimes, people even forget about copies of their Excel or Word password files, which is not a good scenario.

The fact that LastPass stores our passwords in an encrypted format, rather than being stored in somebody's email or text documents, is incredibly important to us. I can't stress that enough. The Excel documents, Word documents, post-it notes, and other methods that we used to use, much to my chagrin, are going to go away. The reason that I don't want to use the other methods is that they are just not secure.

With respect to data leaks, one of the biggest problems that we have in the cyber community, in general, is poor passwords. The second would be multifactor authentication but poor passwords are way up there. By using this product, it is going to go a long way to circumvent that, or maybe even alleviate that problem in general. At least, it will slow it down significantly. Hopefully, we'll be greatly more secure.

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MW
ICT Manager at Onefortyone

Previously, we used to use an Excel spreadsheet internally. It didn't have a password on it. If we did get compromised by a cyber attack, people could actually gain access to all our passwords. Whereas, what LastPass does is, it locks it down. If you go to the spreadsheet, you see every password but if you go into LastPass, you don't actually see the passwords right in front of your eyes, it's quite good from that aspect. It also allows you to share passwords. You set groups up and only give people access to certain stuff, whereas on our Excel sheet, everyone who had access to that sheet, all the IT staff, could see passwords that they really didn't deal with, or didn't need access to. Now, we can split between our database people: to our network engineers, to our application support; they've all got different requirements for different passwords, so we can segregate it quite nicely.

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DL
CEO at a legal firm with 1-10 employees

This product has given us the ability to share passwords, which allows for redundancy in a secure, trusted environment. By redundancy, I am referring to the ability for different people to securely access sensitive information.

It is our sole, authorized password manager.

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Buyer's Guide
Single Sign-On (SSO)
April 2024
Find out what your peers are saying about LastPass, Okta, One Identity and others in Single Sign-On (SSO). Updated: April 2024.
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BD
Engineering at a comms service provider with 10,001+ employees

It's kept our enterprise, specifically our internal organization, more private and secure. It keeps everything encrypted, including our user's passwords.

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CP
Senior Manager, Global Service Desk at a tech vendor with 1,001-5,000 employees

It provides us the ability to create different levels of access for different teams. We can create a profile for a service desk person versus an application administrator versus an IT manager, so we can have access to different applications provisioned. Therefore, the password changing process isn't as onerous.

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JL
Co-Founder at a consultancy with 51-200 employees

It definitely has allowed us to manage the passwords a lot better. From a security standpoint, we don't have to worry about changing passwords every time one person leaves. That is a big improvement in our productivity.

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NB
Assistant Director of Technology Support at a university with 1,001-5,000 employees

It's improved security; we don't have to worry about people storing password loosely and securing them.

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it_user882720 - PeerSpot reviewer
SOC Manager at a retailer with 5,001-10,000 employees
  • It increased security around password management for teams and collaborative efforts with external vendors. 
  • A reduction in the number of sensitive passwords stored insecurely on our local systems.
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it_user608778 - PeerSpot reviewer
System Administrator at a tech services company with 51-200 employees

Off-boarding of people is easy without changing shared account passwords.

Sharing Passwords with new employees for quick onboardings.

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LL
Network Engineer at a tech services company with 1-10 employees

If you have a password manager, there's improvement for the organization, of course. For the users themselves, they're using more complicated passwords; no more having the same password everywhere. And to access the Vault, you need two-factor identification: a master password and the two-factor. And all of this is encrypted. So security has increased. For those who are using it in the organization, it has improved their security for sure.

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Buyer's Guide
Single Sign-On (SSO)
April 2024
Find out what your peers are saying about LastPass, Okta, One Identity and others in Single Sign-On (SSO). Updated: April 2024.
768,740 professionals have used our research since 2012.