LastPass 2022 hack fallout continues with millions of dollars more reportedly stolen

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Sarah Collins
Wed, 18 Dec
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Headline: Cybercriminal Targets LastPass Victims, Stealing Millions in Crypto

A cunning cybercriminal, connected to the notorious 2022 LastPass breach, has struck again, siphoning off a staggering $5.36 million from 40 crypto wallets. The breach, initiated in August 2022, gave the hacker access to a trove of data, enabling them to breach a cloud storage platform housing vital customer information such as keys, API tokens, and multi-factor authentication seeds.

Despite the encrypted nature of the password vaults, weak or reused master passwords remained vulnerable to brute force attacks, potentially paving the way for a spate of crypto thefts against LastPass users post-2022. The latest theft, estimated at $5.36 million, is the most recent in a series of crypto heists linked to the LastPass breach.

Blockchain expert ZachXBT, in a Telegram revelation, pointed out that stolen funds were swiftly converted into ETH and then transferred across various exchanges, serving as a stark warning to potential victims. The Verge had earlier reported that victims lost over $35 million between August and December 2022, underscoring the dire ramifications of the continued breaches.

These incidents underscore the critical need for robust password security measures, advocating for unique passwords for each account and adherence to recommended password guidelines. Even with a change in password managers post-breach, the risk remains for reused passwords. Additionally, the use of strong authenticator apps with biometric verification is advised to fortify account security against potential threats.

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