⚡ Get All Content for 20% Off ⚡

One of the Most Popular Password Security Companies Was Hacked You should probably change your LastPass password, ASAP.

By Cale Guthrie Weissman

entrepreneur daily
Shutterstock

LastPass, a popular password manager program, just admitted it's been hacked.

In a blog post published today, LastPass's Joe Siegrist writes, "The investigation has shown ... that LastPass account email addresses, password reminders, server per user salts, and authentication hashes were compromised."

LastPass works by having users choose one strong master password that they must remember. When they log into LastPass, they use this strong authenticator to gain access to a list of all of their other passwords, which are stored in encrypted form on LastPass' servers.

LastPass' servers do hold a list of all of its users passwords, but because they are encrypted (meaning they are heavily ciphered making it nearly impossible to crack), it's highly unlikely any hackers would be able to decrypt LastPass' password trove.

Further, the encryption and decryption happens on the users' devices, meaning that LastPass has no way to access any of its users' non-ciphered passwords.

It's important to note that this breach does not mean that hackers have full access to the passwords of every LastPass user. What it does mean, however, is that if users use a weak master password or have used the same password for another website, there's a likelihood that hackers could gain access.

To fix this, all LastPass users should change their master password if it is weak. Also, users should implement multi factor authentication, making it even harder for hackers to gain access.

Users, however, need not have need to change the passwords stored in LastPass.

Business Insider reached out to LastPass and will update the post when we learn more.

Cale Guthrie Weissman covers cybersecurity/tech-politics for Business Insider.

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

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.