![]() However, the company strongly urged users to set up two-factor authentication to bolster security and required those who access their LastPass account from new devices or IPs to authenticate through email. LastPass also shared that there is no need to change individual passwords used in various accounts stored in the user vaults. It is also confident that the strong encryption methods employed by the company will make it difficult for attackers to crack the compromised encrypted master passwords. However, this incident separates itself from the previous one as the company is now fully aware of what was compromised. LastPass suffered a similar breach in 2011. Over the years, we have been and continue to be dedicated to transparency and proactive measures to protect our users.” The LastPass team refrained from going into more details of the hack as investigations are still ongoing with the help of authorities and third-party security experts. Siegrest highlighted, “Security and privacy are our top concerns here at LastPass. How? To date, the password manager’s 72million-user base is given a strong master password for accessing different accounts and websites, which it stores in an encrypted LastPass user vault. Like its counterparts, it offers a key to a sealed gate that leads to one’s multiple accounts. LastPass is designed to make it easy to manage multiple passwords across several accounts. The common mistake lies in the users who apply easily-decipherable passwords and those that recycling these across different accounts and platforms, thinking that doing so makes things less annoying and tasking. Getting the passwords of online users is one of the easiest means to penetrate into and steal one’s identity, and has proven to be a cybercriminal goldmine. Siegrest furthered, “We are confident that our encryption measures are sufficient to protect the vast majority of users.” However, customers were urged to replace the master password used in accessing their accounts. To mitigate these risks, organizations should conduct regular vulnerability assessments, implement network segmentation and provide employee training on cybersecurity best practices. While company CEO Joe Siegrist wrote that there was “no evidence that encrypted user vault data was taken”, investigations have shown that the digital break-in has compromised account email addresses, password reminders, server per user salts, and authentication hashes. LastPass divulged on Monday the discovery of “suspicious activity” in their network, which was seen and blocked accordingly last Friday. ![]() Password managers have made the tedious task of managing multiple accounts easier, and are used to boost online security by offering a single-and hopefully secure-repository of various login credentials sealed in by one strong master password. Password manager LastPass disclosed a data breach Thursday that involved the compromise of some 'proprietary LastPass technical information.' LastPass CEO Karim Toubba authored the disclosure posted to the companys website.
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