When running a business, you are bound to face numerous security threats online. From ransomware to adware and everything in between, securing data becomes progressively more difficult as the business grows. This involves protecting data which you create and use, as well as choose the right websites and software to conduct your business. Not to mention, you will have to be able to keep all of the credentials safe.
It becomes an even bigger challenge as logins have to be shared among users to reduce costs. That’s where password managing services step in.
Initially intended to solve users’ individual password chores by creating and remembering unique and secure passwords, such apps have quickly gained popularity among businesses. Password management utilities are now widely used to create, share, store and administer accesses on enterprise levels.
A great password management tool will help bring down password generation to just a few clicks. All of your passwords will be securely stored too. To access them, you will need to create a master password, which is the only password you will have to remember from this moment on.
The truly difficult task is choosing the right one for the job out of all the options. This article will compare two of the industry-leading options: LastPass and 1Password.
1Password was created by AgileBits software development firm, which is a privately-held company. 1Password version 1.0 was initially released in 2006 for Macs only. With a few major upgrades rolling out every now and then, 1Password is currently sitting at version 6, available for both Mac and Windows.
The thing about 1Password is that it was mainly sold as a single-user license at the price of $64.99. It means with every updated version 2.0, 3.0, etc. you would have to pay again.
Fortunately, you now have a subscription-based plan with special offers for teams and families. Plans vary from $2.99 to $7.99 per month.
How to Use 1Password
1Password application lets you take control of your credentials, passwords and credit cards. Open 1Password, and you’ll be able to view all of your items. Hit + or hold Command-N to create a new entry. Once the data is filled in, save it. You will then be able to quickly fill it in on the website of your choice. Your data can also be easily edited, deleted, or sorted by vaults when you choose to.
When you reach the point of having too many items stored in your vaults, you can easily navigate using Search. It’ll definitely become your best friend and fastest way of getting around 1Password.
Don’t forget to install a browser extension directly to Safari, Chrome or Firefox. It will make filling in infinitely faster.
Is 1Password Safe?
When your goal is to create an application that improves password and data security, you have to put #1 on your priority list. 1Password does just that. It ensures all of your vaults are secured using end-to-end encryption, 256-bit AES encryption, PBKDF2 key strengthening, master password and much more. You will also find a ton of additional features all of which, combined with 1Password’s transparent approach, make up for a solid, trustworthy package. You can also read more detailed info on 1Password safety here.
Founded in 2008, LastPass was first released in August of the same year. In 2015, it was acquired by LogMeIn, which in 2016 was purchased by Citrix. Unlike 1Password, LastPass is cloud-based. It means that you don’t have to install an app to start using LastPass – an extension to your browser will do the job.
LastPass is available in three different versions: Free, Premium, or Enterprise. The free version comes with very limited functionality. You can still store, create, and fill passwords without any problem, but you won’t be able to share or sync passwords across devices. To get all of that, you will need a Premium version coming at $24/year and $48/year if you want to sign up for a Family deal with up to 6 users. Similar pricing is available for business. The subscription plan for teams is worth $29/user/year and offers the convenience of admin dashboard, user management, and other essentials. Enterprise plan comes supercharged with additional features such as API access, dedicated support, group management, etc. at the cost of $48/user/year.
How does LastPass work?
You want to begin by downloading and installing LastPass browser extension as this is going to be your main way of using LastPass services. LastPass Mac app is also an option, but not obligatory. Upon installation, you will need to create an account and master password which will be used to access all of your stored data. Make sure you create a strong password for this one.
Once the account is ready, you can either add new entries from within the extension or at a login page. When filling in your data at a login page, simply hit last pass icon to save the credentials.
Is LastPass Secure?
Just like 1Password, LastPass is a security app. It is dedicated to security more than most of the other services. The unfortunate fact about LastPass, however, is that it got hacked back in 2011. LastPass immediately notified each of its users and forced a master password reset. This helped minimize the damage, but it doesn’t change the fact that the service was compromised. Nevertheless, you should always be using two-factor authentication with LastPass to ensure no one has access to your storage even if they get a hold of your master password.
To sum up, both tools grant an additional level of security to your data. Choosing between the two, 1Password secures your data not only by means of authentication but by encryption as well, which gives it an edge over LastPass services. LastPass, however, offers free individual services, which should be enough to meet personal security needs. Ultimately, the final decision between 1Password vs. LastPass should come down to your needs, budget, and number of users.