My1login launches world's first totally cloud based password manager for SMBs

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My1login is launching the world's first totally cloud based password manager for the SMB. With no need to install software, users can be up and running in five minutes and able to access websites from any device with just one click. Business managers also benefit from a comprehensive password security dashboard highlighting end-user password vulnerabilities.

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“Companies who fail to protect themselves by addressing the weaknesses in their password management systems are leaving themselves open to being hacked.” Mike Newman, my1login

my1login, a revolutionary password manager service, today announced the launch of a free SME service which protects businesses of all sizes from the growing threat of online crime and provides a secure solution to managing business passwords.

my1login has developed the service in response to growing demand for an alternative to traditional single sign-on (SSO) solutions which are prohibitively expensive, can take months to deploy and are difficult to integrate because of the need for third parties to opt in.

Unlike these legacy solutions, my1login can be used to store all business logins, as it does not rely on any integration with third party services. With no need to install hardware or browser plug-ins, my1login can be set up in under five minutes.

Instantly increasing corporate security, my1login centralises the visibility, administration and management of passwords throughout the business. A security dashboard records an audit trail and analyses the strength and similarity of passwords so the administrator can see vulnerabilities and weaknesses across the company’s password estate.

Additionally my1login lowers operating costs by reducing the need for helpdesk calls to reset passwords, and by monitoring concurrent third-party system logins against paid licenses. my1login also enables passwords to be securely shared between colleagues where permitted, and crucially, employee access can be revoked swiftly upon leaving an organisation.

Internet security is one of the key risks facing businesses today with the BBC, Twitter and LinkedIn all falling victim to password hacking in recent weeks. my1login is designed to prevent weak password practices, where employees use the same password across multiple websites, and also to protect businesses against serious financial and reputation damage resulting from a hacking incident.

Mike Newman, CEO of my1login, believes the stakes couldn’t be higher for many UK businesses: “For larger organisations, password hacking can seriously damage credibility in the market. But for a growing SME, a hacking incident could threaten the very survival of the business.”

With default two-step authentication, my1login is the most secure password manager on the market. “Online crime is continuing to grow year-on-year and the tools available to hackers are more sophisticated than ever” Newman explains. “Companies who fail to protect themselves by addressing the weaknesses in their password management systems are leaving themselves open to being hacked.”

Suitable for businesses of all sizes, and free-to-use for small businesses, my1login is available at a monthly subscription cost of just $2 USD per user for larger companies.

This announcement comes ahead of InfoSec where my1login will demonstrate the business product for the first time at 11 am on 24 April 2013 in the press briefing room. You can visit my1login at Stand L93 at InfoSec.

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Sarah Lee
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