Very few people outside of the security world really think about it that way. I like to say, “protect your business by securing the people who work there.”ĭo you think people intellectually understand that that's the truth? That most of these things are not big, sophisticated, network-level hacks, most of it is like, “I got your password from a phishing scam or grabbing it from some big data breach because you use the same password for everything.” Like, I know that intellectually, but I don't know that I've internalized that that's actually how security works on the internet. And so with 1Password, partially because of our consumer origins but even to this day, we're there to protect the person. But then if you think of it in terms of, where do most data breaches originate? At the person. It's important, it does a good job, and it stays at the infrastructure layer. And so if we look at it from a business point of view, most of the security software is actually at the infrastructure layer. We're here to ease the tension between security and convenience, something that has just always been a challenge. I talk about it in terms of human-centric security. But my sense is the vision is much bigger than that now. And when 1Password started, that’s all it was. When I think of 1Password, it's … a password manager. Subscribe to the show: Apple Podcasts | Spotify | Overcast | Pocket Casts Below are excerpts from our conversation, edited for length and clarity. You can hear our full conversation on the latest episode of the Source Code podcast, or by clicking on the player above. In its place, Shiner said he hopes 1Password can help usher in a better, and more secure, system. There’s really no other choice: Thanks to an increase in remote work, the overwhelming consumerization of business software, and a litany of new security problems around the industry, the days of “just log in to the VPN” are dying and not coming back. More broadly, Shiner said he wants to help companies and users alike rethink how security works. 1Password already has more than 100,000 business customers, and it plans to expand fast. 1Password has long been a consumer-first product, but the biggest opportunity lies in bringing the company’s knowhow, its user experience, and its security chops into the business world. He’s building the team fast - 1Password has tripled in size in the last two years, up to 500 employees, and plans to double again this year - while also expanding the vision of what a password manager can do. The company just announced it has raised $620 million, at a valuation of $6.8 billion, from a roster of A-list celebrities and well-known venture capitalists.īut what does a password manager need with $620 million? Jeff Shiner, 1Password’s CEO, has some plans.
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