Password-Storing Firm LastPass Hacked

Posted: Jun 16 2015, 7:46am CDT | by , in News | Technology News

 
Password-Storing Firm LastPass Hacked
Credit: LastPass.com
  • ‘LastPass’ the online password storing service hacked!

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Encrypted master passwords of users were stolen from LastPass in a hack on Friday.

The irony is heavy when a password saving service cannot even protect itself from hackers. LastPass is an online service which allows people to save all their online passwords in one place.

People can then access all other accounts with a single master password. However the habit of storing all your passwords in one place may pose a serious problem, since the company LastPass itself has been hacked.

The news of the hack was issued by LastPass itself on Monday, in which they detailed how hackers had gained access into the main computer system and retrieved personal information on undisclosed number of users. The information gained by hackers includes email ids, password reminders and encrypted version of master passwords.

The hack occurred on Friday according to LastPass but the hackers were unable to retrieve the text versions of all the information such as the master passwords. However the hackers may not have any problem in decoding the encrypted version of the master passwords, especially if the passwords are relatively easy such as 123 etc.

Other information retrieved from LastPass such as password reminders may also be figured out easily. The hackers can easily retrieve public records or visit the social media profiles to obtain personal information such as date of birth or first pet’s name.

For a long time people had been relying on services such as the LastPass to remember all of their passwords as keeping a records is troublesome. However the latest hack has revealed the flaw in a system considered reliable.

LastPass has urged all their users to immediately change their master passwords and the only users relived from the theft are those who used the 2 step authentication process of LastPass, which requires two passcodes for access.

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