📺 Stream EntrepreneurTV for Free 📺

LastPass Hackers Breach Company's Password Vault. Is Your Data At Risk? Further investigation into the first LastPass hacking incident, which occurred in 2022, revealed that the hackers obtained access to corporate files.

By Madeline Garfinkle Edited by Jessica Thomas

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

The password manager LastPass has announced new details about a hacking incident that occurred in August 2022.

At the time, LastPass said that although an "authorized party" gained entry to its system, no evidence was found that the hackers obtained user data. Now, evidence has emerged that the hackers appear to have gained access to an employee's home computer and infiltrated a "shared cloud-storage environment," which "initially made it difficult for investigators to differentiate between threat actor activity and ongoing legitimate activity."

Related: Apple to Roll Out First of Its Kind Technology to Protect Users from Hackers, Spyware

The hackers gained access to the employee's computer by installing a keylogger into the software to obtain the employee's password for the LastPass corporate vault. Once they were in the vault, they exported entries and shared folders that contained decryption keys needed to unlock cloud-based Amazon S3 buckets with customer vault backups.

LastPass announced key initiatives it is taking to address the "ongoing containment, eradication and recovery activities related to the second incident," including "hardening to security" of employees' resources and home networks.

Related: Hackers Steal $620 Million in Massive Gaming Crypto Heist

With so much of life requiring passwords for day-to-day functions — from email to apps — LastPass was founded to help individuals navigate all their passwords in one secure place.

Is your data at risk?

GoTo, LastPass' parent company, announced in January that it will inform individuals if their data has been breached and provide "actionable steps" to ensure greater security for their accounts.

Although it's still unclear how many users were affected by the hack, Kiplinger suggests it's better to be safe than sorry and take action immediately by changing important passwords, using websites like HaveIBeenPwned.com or even switching password managers.

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Business News

How Much Do Engineers, Software Developers, and Analysts Make at Apple? See Salary List

Using application data from highly-skilled foreign workers, Insider revealed a range of salaries at the tech giant.