lastpass use the same password for multiple sites

In August 2022, LastPass initially reported that an 'unauthorized party gained access to portions of the LastPass development environment' and 'took source code and some proprietary LastPass technical information.' In December 2022, LastPass confirmed the threat actor who had compromised its development environment had accessed and copied customer account information and a backup of customer vault data. With a registered userbase of more than 25 million, LastPass is one of the largest password management companies in the world. Because a single password manager can store the usernames and passwords for every account, a breach of a password management service is especially pernicious.

It generates strong and unique passwords, encrypts and saves them in an encrypted database, and autofills them when users need to log onto websites or applications. A password manager is a software tool that allows users to securely store and manage their passwords. Password management services are used to mitigate this risk. As soon as they find a match, such as the same combination for a news subscription as for a corporate email, they're in. Malicious cyber actors purchase these databases and run username and password combinations against everything from personal email accounts to corporate networks.

This is because databases containing both hashed and plaintext passwords are frequently compromised, resulting in thousands of usernames and passwords being sold on the dark web almost every day. One of the most significant risks to cybersecurity is using the same password for multiple accounts. Even if your company has never used LastPass, your organization may still be at risk. Password managers are an important security tool, but companies must understand the risks they can pose – and how to mitigate those risks. In August 2022, LastPass – one of the largest password managers in the world – suffered a cyber breach resulting in the theft of thousands of password vaults of both individual and corporate users.

Lastpass use the same password for multiple sites