![]() If you are in a business setting, your IT partner “should” be applying best practices on all systems at a company level. Based on this information, we believe this tells us that there remains an external access method that either has no multi-factor authentication (MFA), SMS based MFA, or at least one compromised MFA enabled account. The hack’s entry point was not revealed by LastPass, though it does appear the data was from an earlier incident in August. There is an assumption that because users don’t have to remember their passwords, each password can be unique and more complex.Ī password manager does not remove the necessity of utilizing MFA, but it reduces risk associated with memory-based and repetitive password habits. A password manager assists in generating and retrieving passwords, storing passwords in an encrypted database and producing them on demand. According to LastPass, “We have determined that an unauthorized party, using information obtained in the August 2022 incident, was able to gain access to certain elements of our customers’ information.” LastPass is however, ensuring the customer’s stored passwords are safe.Ī password manager is a software that allows users to store, generate, and manage their passwords. ![]() ![]() LastPass is one of the most popular password management solutions on the market. ![]() With 25 million users, LastPass was recently hacked for a second time in 6 months. ![]()
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