LastPass Says Hackers Stole Customer Data, Encrypted Passwords
source link: https://finance.yahoo.com/news/lastpass-says-hackers-stole-customer-235014698.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
LastPass Says Hackers Stole Customer Data, Encrypted Passwords
(Bloomberg) -- LastPass, a password management service, announced on Thursday that hackers stole encrypted copies of customer passwords and other sensitive data such as billing addresses, phone numbers and IP addresses.
Most Read from Bloomberg
The announcement is the latest update from a breach that occurred in August. At that time, the company said they had seen no evidence that the hackers had access to customer data or encrypted password vaults.
But the company’s statement on Thursday said that source code and technical information that were stolen as part of that hack was used to target another employee. The hackers were then able to obtain credentials and keys to access and decrypt data stored on a third-party cloud storage space.
They were able to copy such things as basic customer account information, including email addresses and the IP addresses from which customers accessed LastPass, and “fully-encrypted sensitive fields such as website usernames and passwords, secure notes and form-filled data.”
Password managers are a way for customers to store usernames and passwords in one place and can be accessed using a master password that a customer creates. The master password isn’t known to LastPass nor is stored or maintained by the company, it said in its statement.
The other encrypted data can only be decrypted “with a unique encryption key derived from each user’s master password,” the company said.
Nonetheless, LastPass warned customers that they could be targeted for social engineering, phishing attempts or other methods.
“The threat actor may attempt to use brute force to guess your master password and decrypt the copies of vault data they took,” the company said in a statement. “Because of the hashing and encryption methods we use to protect our customers, it would be extremely difficult to attempt to brute force guess master passwords for those customers who follow our password best practices.”
- Reuters
India panel recommends digital competition act to rein in Big Tech
An Indian parliamentary panel on Thursday recommended the government enact a digital competition act to regulate anti-competitive business practices by Big Tech companies on its platforms. Prime Minister Narendra Modi's government has had strained relations with many large technology companies, and New Delhi has been tightening the regulation of firms such as Facebook, YouTube and Twitter. Alphabet Inc's Google and Apple have in the past faced scrutiny from the country's competition watchdog, the Competition Commission of India (CCI), over alleged abuse of the application market.
16h ago - Bloomberg
Japan’s Inflation Speeds Up, Supporting BOJ Shift Expectations
(Bloomberg) -- Japan’s key inflation gauge further accelerated to the fastest pace since 1981, an outcome that will continue to fuel speculation the Bank of Japan will surprise markets again with policy change down the line. Most Read from BloombergChina Is Likely Seeing 1 Million Covid Cases, 5,000 Deaths a DayDonald Trump’s Taxes Reveal Big Losses: What We Learned So Far, in ChartsBankman-Fried Released on $250 Million Bond in FTX CaseI’ve Seen Trump’s Tax Returns and Now You Can, TooUS Stocks
38m ago - Bloomberg
A $4 Billion India Fund Is Clashing With Its Government Backer
(Bloomberg) -- When India launched its first state-backed investment fund in 2015, the project was met with great enthusiasm. Officials hoped to raise billions of dollars to improve the nation’s infrastructure and attract foreign manufacturers, angling for the success of funds started in places like Singapore.Most Read from BloombergChina Is Likely Seeing 1 Million Covid Cases, 5,000 Deaths a DayDonald Trump’s Taxes Reveal Big Losses: What We Learned So Far, in ChartsBankman-Fried Released on $2
2h ago - Benzinga
Tencent Co-Founder Pony Ma Vents Out Again - This Time Against Lazy And Dishonest Employees
Tencent Holding Ltd's (OTC: TCEHY) co-founder Pony Ma expressed frustration about slackening, ignorant, and unscrupulous employees. The usually mild-mannered tycoon helped create China's largest internet firm away from the spotlight, Bloomberg reports. Last week, Ma summoned a town-hall meeting to deliver a blistering attack against how staff managed businesses from social media and content to gaming. "You can't even survive as a business, yet you're chilling on the weekends, playing ball," Ma t
9h ago - Bloomberg
China Tech Stocks Are Winning Back Investors After Awful Year
(Bloomberg) -- After a rout that rivaled the burst of the US dot-com bubble, things are looking better for Chinese tech stocks in 2023 as regulatory headwinds ease and earnings prospects improve.Most Read from BloombergChina Is Likely Seeing 1 Million Covid Cases, 5,000 Deaths a DayDonald Trump’s Taxes Reveal Big Losses: What We Learned So Far, in ChartsBankman-Fried Released on $250 Million Bond in FTX CaseI’ve Seen Trump’s Tax Returns and Now You Can, TooUS Stocks Snap Two Days of Gains; Dolla
2h ago - Bloomberg
Texas Power Use to Top Winter Record as Bitter Cold Descends
(Bloomberg) -- Texas is forecast to use an unprecedented amount of electricity for this time of year as frigid temperatures descend on the second-largest US state on Friday.Most Read from BloombergChina Is Likely Seeing 1 Million Covid Cases, 5,000 Deaths a DayDonald Trump’s Taxes Reveal Big Losses: What We Learned So Far, in ChartsBankman-Fried Released on $250 Million Bond in FTX CaseI’ve Seen Trump’s Tax Returns and Now You Can, TooUS Stocks Snap Two Days of Gains; Dollar Rises: Markets WrapT
2h ago - Simply Wall St.
A Look At The Fair Value Of MYP Ltd. (SGX:F86)
How far off is MYP Ltd. ( SGX:F86 ) from its intrinsic value? Using the most recent financial data, we'll take a look...
2h ago - TheStreet.com
Comcast Keeps Raising Prices, but Customers Have Another Choice
Comcast operates like a monopoly (which it sometimes is). but now there's a new player competing with it nationally.
2d ago - Zacks
Meta Platforms (META) Facing Legal Issues From EU Commission
Meta Platforms (META) legal issues persist as the company faces investigation by the European Union and a possible lofty fine.
2d ago - News Direct
TrueUSD Launches TCNH, a TRON-Based Stablecoin Pegged to Offshore Chinese Yuan
We are thrilled to announce that the TrueUSD team is launching a new product called TCNH, which is a stablecoin pegged to Offshore Chinese Yuan (CNH) at 1:1. TCNH will be deployed on one of the fas...
7h ago - CoinDesk
How Regenerative Finance Is Bringing Sustainability to Crypto
As the crypto industry surveys the ruins of 2022, it must refocus on its core promises and once again seek ways to add tangible and sustainable value.
1d ago - Engadget
Ukraine strikes deal with SpaceX to receive thousands more Starlink antennas
Ukraine will receive an additional 10,000-plus Starlink satellite dishes from Elon Musk's SpaceX to help provide internet amid Russian attacks.
1d ago - CoinDesk
DeFi’s Difficult Governance Decisions Lie Ahead
Decentralization was proven to be DeFi’s saving grace this year. Shouldn’t protocol governance also be as decentralized as possible?
1d ago - CoinDesk
Uniswap DAO Community Members Vote in Favor of New Governance Process
After a week-long vote that ended Wednesday, TKTK percent were in favor of making changes to the voting process in an effort to reduce friction associated with community governance.
1d ago - Associated Press
States contend with short timeline to correct broadband map
States are racing against a deadline to challenge the map federal officials will use to divvy up the nation's largest-ever investment in high-speed internet. States have until Jan. 13 to challenge a broadband speed map the Federal Communications Commission released last month that, for the first time, illustrates the haves and have nots of internet access down to specific street addresses. Critics have long suspected that the number of people with internet connections has been overstated by the government, in part because agencies creating the maps have deferred to telecommunications companies to say where service is provided.
1d ago - Yahoo Finance
Why investing like Warren Buffett still works, according to Morningstar's CEO
Value investing still has a place.
12h ago - MarketWatch
‘Peak TV’ is coming to an end as streaming services look to cut costs
Orders for scripted series for adults fell 24% in the second half of 2022 from a year ago and have dropped 40% since 2019.
1h ago - MarketWatch
The Fed’s rate hikes have succeeded in one way — they’ve reduced wealth inequality, analysis finds
How much the Fed's rate-hike campaign has done to bring down inflation is debatable, but it has narrowed the wealth gap.
1d ago - Barrons.com
Apple Stock Has Struggled This Year. The Case for a Better Next Year.
Citi analyst Jim Suva says iPhone revenue could take a hit during the December quarter but the pain shouldn't extend beyond that.
1d ago - Reuters
Off-budget spending stirs doubts about Poland's finances
As Poland heads for an election year grappling with stagflation, government moves to shift large chunks of its spending off-budget risk damaging its reputation for rock-solid state finances. In Poland, it was initially deployed for spending to weather the pandemic but now encompasses a surge in military and other expenditures. The International Monetary Fund and credit rating agencies say the practice, while currently contained in scope, weakens oversight and could harm A-rated Poland's institutional strength if it becomes entrenched or widens further.
1d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK