Got Now Suffers Security Breach After Acquisition of LastPass

Got Now, the parent company of password vault LastPass, recently suffered a massive security breach, resulting in malicious actors gaining access to LastPass user data. LastPass, a cross-platform password manager which is used as an authentication tool to manage passwords, credit card information and other digital data, was acquired by Got Now back in 2019. The security breach has impacted many users of LastPass, as their authentication credentials may have been compromised by hackers. This vulnerability was found by cybersecurity researchers, who discovered that malicious actors had access to LastPass data, including usernames, passwords, and multi-factor authentication details. The details of this security breach have yet to be revealed, but Got Now has issued a statement acknowledging the incident and confirming that no user authentication data was compromised. The company has identified the source of the security issue and is implementing measures to strengthen the encryption technology and cloud security protocols used by LastPass to protect user data. In the meantime, LastPass has recommended that users review their account settings and change their credentials, in light of this data breach. Users should also be wary of suspicious emails or phone calls, as these may be phishing attempts trying to collect their login details. Got Now has further stated that it is committed to maintaining the highest standards of security for its users and is implementing additional encryption measures to protect LastPass’ authentication data from malicious attacks. It remains to be seen how the company deals with this cyber security incident and how it prevents other potential hacking attacks in the future.

This Cyber News was published on thehackernews.com. Publication date: Wed, 25 Jan 2023 11:49:02 +0000


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