Join 100,646 users already on read.cash

Hackers Cracked LastPass System

10 64
Avatar for Unity
Written by   363
3 months ago

The world's top-selling password manager LastPass was hacked!

The CEO of the world's top-selling password manager admitted in a press release on Thursday, Aug 25, 2022, that hackers breached their system and stole a part of the source codes and some proprietary information.

There were many data breaches during the last five/six years, including Yahoo, Equifax, Facebook, etc. In most cases, the causes of data breaches are either due to serious security lapses, or due to a lack of awareness about passwords and authentication credentials among the staffs.

People are misinformed by the commercial services providing companies about passwords and cybersecurity. Companies make propaganda about the safety and security of their cybersecurity products.

Global citizens buy password managers and get cheated.

Image Source: I created GIF using my title texts, a screenshot from LinkedIn, and a photo by regularguy.eth on Unsplash.


Password managers are vulnerable to hacking.

About three weeks ago (Aug 11, 2022) I published an article on the vulnerability aspects of password managers. It is an irony that the data breach of the LastPass system happened and the company management admitted it on Aug 25, 2022.

Last week's revelation of LastPass's web system hacking exposes the vulnerability of password managers to the global Internet users at large.

This data breach of a top-selling password manager system left people suspicious about the quality of safety and security of those so-called superior cybersecurity software products.


Closing thoughts and recommendations

  • Password managers are as vulnerable as reusing the same passwords for multiple online accounts because the security of password managers relies on a single master password.

  • The security of the password manager services providing companies is not foolproof, as their web systems are not immune to cyber-attacks.

  • If the password manager companies' system data get stolen by the hackers, all the passwords of the online accounts of their clients are in the hands of cybercriminals.

It is better to make yourself aware of the basics of password security and learn how to manage the password on your own computers.


Postscript

Earlier, I proposed a simple solution to surmount the problem of managing passwords, without falling into the trap of "single point of failure" of password managers. It utilizes the power of human brain memory.

Just give it a try without any hazards.

I guarantee you won't lose anything.


Sponsor of this article:-

Image Source TheGuy – Follow him on Noise and Hive for more insights.


Cheers!

Unity (Debesh Choudhury)

Text Copyright © 2022 Debesh Choudhury — All Rights Reserved

Join me at  

OdyseeLinkedInTwitternoise.cashread.cashpublish0x, and Facebook

Lead Image:  I created GIF using my title texts, a screenshot from LinkedIn, and a photo by regularguy.eth on Unsplash.

All other images are either drawn/created by myself or credited to the respective artists/sources.

Disclaimer: All texts are mine and original. Any similarity and resemblance to any other content are purely accidental. The article is not advice for life, career, business, or investment. Do your research before adopting any options.

Unite and Empower Humanity.

#passwords #cybersecurity #privacy #authentication #technology

Aug 31, 2022

15
$ 2.05
$ 1.01 from @TheGuy
$ 0.61 from @TheRandomRewarder
$ 0.10 from @Tomi-Ajax
+ 10
Sponsors of Unity
empty
empty
empty
Avatar for Unity
Written by   363
3 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

It was really shocking news for all lastPass system users. I don't believe on saving password, hence I had written them precisely for my good time utilization. Anyway it is very notorious action for a big company whose data is hijacked by hackers.

$ 0.01
3 months ago

Password managers are vulnerable to hacking.

$ 0.00
3 months ago

Nothing is hack free. Only books 😊. That's why the CIA stores sensitive informations in paper and not in computers

$ 0.01
3 months ago

You are correct, friend.

$ 0.00
3 months ago

Erhhhhh... Hackers.... So bad that hackers breached their system and stole from them ... That's alarming

$ 0.00
3 months ago

Take care of your passwords.

$ 0.00
3 months ago

Hackers are smart. We should not take them too easily. Always make sure your accounts are secure.

$ 0.01
3 months ago

Keeping the authentication credentials on our computer devices is safer than storing them on third-party apps.

$ 0.00
3 months ago

I have more confidence, faith and believe in my brain than on apps for saving data or password. And I think most of the antivirus softwares are for name sakes.

$ 0.00
3 months ago

I am happy that you don't trust mobile apps for saving authentication credentials.

$ 0.00
3 months ago