Canadian-based password manager 1Password has today revealed that it is now serving over 47,000 paying businesses worldwide, ranging from SMEs to enterprises, with its B2B revenue seeing a growth of more than 300% over the past two years.
As highlighted in the 2018 Verizon Data Breach Investigations Report, passwords were the source of 81% of data breaches last year, which according to 1Password, has led more and more enterprises to make security best practices “not only a priority but mandatory for employees.”
Password managers like 1Password not only provide essential protection against the impact of a data breach but also make passwords more user-friendly than ever.
“There is a clear and growing trend towards data breaches and their associated costs accelerating,” said Jeff Shiner, 1Password CEO. “We launched 1Password Business three years ago to address the need for businesses to improve their data security. We’re now seeing everyone from startups to multinational corporations making data security their top priority.”
The company also reiterated the fact that it never tracks its users’ behaviour within the app, and that it’s not possible for any of its employees to access the passwords stored in 1Password.