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Toronto-based cybersecurity app 1Password is partnering with Microsoft Corp. and Google LLC on updates to its workforce identity verification product that will expand its reach to hundreds of thousands more businesses, the company said Wednesday.
The new integrations will allow Microsoft Entra and Google Workspace customers to purchase 1Password’s extended access management (XAM) service, which ensures that all of an employee’s devices are known and secure before granting access to company resources.
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The security feature, which debuted in May, is currently being used by organizations such as Asana, Jobber and Octopus Energy.
Developed by Canadian software company AgileBits Inc., 1Password is a leader in the password management space. In 2022, it raised US$620 million in a fundraising round that valued the company at US$6.8 billion, according to media reports.
Due to XAM’s high demand, 1Password said it has accelerated its rollout, adding new capabilities for simplifying login management and managing shadow IT.
The product’s features include a universal sign-on capability that allows businesses to secure every sign-in to every application from every device.
The universal sign-on can be accessed through passwords, passkeys, MFA or third-party identity security solutions.
“We are witnessing massive demand for 1Password Extended Access Management as businesses look to secure their modern workforce,” said chief executive Jeff Shiner in a press release.
Some companies that use its security solutions include Associated Press, Salesforce, GitLab, Under Armour and Intercom.
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Other advancements to XAM include monitoring device health in real-time to identify to secure devices and remediate device compliance issues before permitting access, even for bring-your-own devices and contractors.
It also offers application insights and user identity, which manages the entire life-cycle of end-user identity from provisioning access to offboarding.
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Over the past year, workplaces have experienced cybersecurity attacks that have compromised confidential company information.
Canadian organizations that were involved in data breaches this year have ended up paying an average of $6.32 million to resolve the incidents, according to a study by IBM Corp. released last week.
“There’s 27,000 breaches (a year) in Canada alone, an all-time high.… That’s almost 75 breaches a day,” Daina Proctor, IBM Canada’s security services leader, said in a Canadian Press report.
In the past year alone, Ticketmaster, AT&T, Giant Tiger, London Drugs Ltd. and more have been victims of such attacks.
• Email: dpaglinawan@postmedia.com
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