October 14, 2024

LastPass vs 1password

lastpass vs 1password

LastPass vs 1password

LastPass (https://www.lastpass.com/)

LastPass is a password manager that stores encrypted passwords online. The company was established in 2008 and has its headquarters in the United States. The company also boasts a staff strength of 350 employees [2021] and revenue of $200 million.

LastPass announced its acquisition of X marks on the 2nd of December 2010. X marks is a web browser extension that enables password synchronization between web browsers. This acquisition was supposed to help x marks survive because of the financial trouble the company was going through. The two services actually remain separate after the acquisition but premium prices were reduced for customers who used the tool services. LastPass later shut down X marks on May 1st 2018.

 Logmeln Inc. Acquired LastPass for $110 million on the 9th of October 2015. LastPass has paired with Meldium a similar product which was also acquired by Logmeln Inc.

On the 3rd of February 2016, LastPass unveiled a new logo. This was due to the lawsuit filed in early 2015 by the company called ETrade whose logo featured an asterisk like the Lastpass logo. By March, the company released a two-factor authentication app for all its plan. By August 2017, the LastPass family plan was announced by the company to enable family members to share passwords. E-mail services for free users were discontinued on 20 the e-mail services for free users was discontinued in the year 2021.

 LastPass plans.

 LastPass offers customers three different plans which are the free plan, the premium plan and the family plan. The free edition includes all the standard password manager capabilities. With the free version, customers get auto-filling capabilities, a free password generator, one-to-one sharing capability, secure notes, a password strength report and multi-factor authentication support. However free users have to choose between syncing passwords with computers [browsers, desktops, laptops] And mobile devices [phones, tablets and smart watches].

The premium costs add to In addition to all the free versions features customers get gain one-to-many sharing, advanced multi-factor options [Yubikey support], emergency access features [password inheritance], dark web monitoring, priority tech support, LastPass for applications app and 1gb encrypted file storage.

The top tier for non-corporate accounts is the LastPass family. This fund cost $48 a year and customers get six LastPass premium licenses, unlimited share folders and access to the LastPass family dashboard.

How LastPass works.

When you log in to a secure site,  LastPass will offer to save your credentials.  you can click add and continue or click the pencil icon to add the entry yourself. You can also assign the captured logging to a new or existing folder.

1password (https://1password.com/)

1password Is a password manager developed by Agilebits Inc. It gives users space to store various passwords, software licenses and other sensitive information in a virtual vault that is locked with a PBKDF2-guarded master password. The company is Based in Toronto and was established on June 18th 2000.

1password Integrates with desktop web browsers like Chrome, Safari, Firefox, edge and opera. This extension can remember the login for websites, Automatically fill websites which the loggings and also generate random passwords for new websites.

 To use its browser extensions,  the user has to have admin rights on the computer where the browser is installed. This actually turned out to be a major problem for people with work-assigned PC whereby they don’t have admin rights. 1password addressed this issue by offering a monthly subscription plan, aimed at businesses which allow web access to their usernames and passwords that can be copied and pasted through login screens.  The company also has plans for families and individuals.

 The company offers an independent extension named 1passwordX, available for Firefox, chrome and opera. It is designed to work without a companion desktop app but a subscription is required.

The company also offers integration which browsers and applications on iOS and Android devices using various methods. More convenient methods were provided in Android 8 [oreo] and iOS 12 and later versions.

In 2017 Dan Guido, The CEO of Trial and Bits, listed 1password  as a popular password manager alongside Dashlane, KeePass and LastPass, with choices amongst them mostly backed up by preferences.

In 2018, the company switch to a purely subscription-based service. Before then, the company could only store password files locally which meant if your device was erased that was it. As of 2019, Safari v13 made the installation of 1password extension 6 impossible, forcing users to upgrade to version 7. Earlier that year, the company partnered with venture capital firm, Accel, which invested $200 million in a series A funding round.

The company acquired Secret Hub, a Dutch cyber security company and also raised $100 million in financing with a valuation of $2 billion.

 The next year January, the company raised $620 million, making it one of the biggest funded companies around in Canada and raising the company’s valuation to 6.8 billion dollars. The funding was led by Iconiq Growth with notable individual investors such as Ryan Reynolds, Robert Downey junior, and Justin Timberlake. In March, Ryan Reynolds starred in a commercial for the company from his creative agency, Maximum Effort which featured the Welsh soccer club he owns.

Lastpass vs 1password subscription services

 LastPass has free, premium and family services while 1password offers individual and family plans making LastPass take the point here because of its free availability for people on a strict budget.

Device Options.

Taking this into consideration 1password actually wins in this part because it has better apps for all devices compared to LastPass.

Customer Support

Business owners tend to lean towards 1password because of its 24/7 customer support and broad functionality.

Desktops

If you want to use the desktop version of a password manager then 1password might be more convenient because it offers a native application both for Windows and Mac while LastPass uses plugins.

Conclusion of Lastpass vs 1password

Note; this review of LastPass vs 1password is based on people’s personal preferences as both services are exceptionally good services.

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