World’s largest password managers Lastpass hacked

The world’s largest password managers LastPass confirmed that it has been hacked.

The company says that, an unauthorized party was able to access its internal data. However, the company maintains that the passwords of its 25 million users are safe.

The security breach had occurred two weeks ago, targeting its development environment. No customer data or encrypted passwords were accessed, it also claimed that there is no evidence that any customer data or password vaults were accessed. LastPass claims over 33 million active users and more than 100,000 business accounts.

"We have determined that an unauthorized party gained access to portions of the LastPass development environment through a single compromised developer account and took portions of source code and some proprietary LastPass technical information," said Karim Toubba, the company's CEO.

Consumers may be concerned that a hacker could have acquired access to their master passwords, thus giving them access to the entirety of user data. "We never store or have knowledge of your Master Password," Toubba added.

"We utilize an industry-standard Zero Knowledge architecture that ensures LastPass can never know or gain access to our customers' Master Password."