Google and Dashlane’s new approach to password management is YOLO

By Manish Rajesh | Published on 05 Aug 2016
Google and Dashlane’s new approach to password management is YOLO
HIGHLIGHTS

Google and Dashlane introduce Open YOLO, a password managing API for Android

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When you think YOLO, the 4-letter acronym that was all the craze a few years ago, the first thing that comes to mind are college kids and teens who used You Only Live Once as a mantra to engage in all sorts of dangerous stunts and activities. However, on the other side of the coin you had the counter-interpretation, You Only Live Once, don’t throw your life away, best be careful.

Google and Dashlane seemingly favor the spirit of the second interpretation in this case, with their new security-conscious password manager API, dubbed “Open YOLO”. Users these days access several accounts, with more being made on an almost daily basis. And in most cases, many re-use the same password on multiple accounts, making security risks all the more prominent. It’s come to the point where you can’t be reasonably secure unless you use some sort of tool to manage your passwords.

Google and Dashlane have come together to create an open API which will give password app developers the tools that they will need to access passwords which are stored in password managers safely and securely. YOLO in this case stands for You Only Login Once.

“This is an important initiative for our industry and for the state of user security,” said Emmanuel Schalit, CEO of Dashlane. “Collectively, we are committed to increasing user security and believe that the best way to do this is to champion open source security projects–which Dashlane has done earlier this year by becoming the first password manager to adopt the FIDO Alliance’s Universal Second Factor (U2F) authentication standard. We look forward to expanding this collaborative project that will benefit the entire security industry.”

“Google is excited to support the launch of this project with Dashlane and help create a new open standard for app authentication,” said Google’s Iain McGinniss. “This project is part of our longstanding support of open technology standards that provide great, secure user experience to end users.”

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Manish Rajesh

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