Now I actually think they handled that really well their hashing approach was solid and indeed it was designed to be resilient to precisely this style of attack. Companies like LastPass live and die by reputation and incidents like their breach in July that exposed master password hashes are hugely significant due to the impact it has on the perception of the company. You see, entrusting all your passwords to one organisation is a big thing. Reputation is critical.- Troy Hunt October 10, 2015 Very interesting to see how many people say they will now leave as a result of the acquisition. Why aren’t they happy? I touched on it here: People aren’t real happy either when you look at the comments they’ve left on that post. I get it in the-big-publicly-traded-company-gobbling-up-the-smaller-one kinda way, but it’s an odd marriage for a company that builds remote desktop software to buy one that builds a password manager.

LogMeIn acquired another IAM provider last year, Meldium, and the company plans to offer both for now, though long-term plans call for developing a common single sign-on service based on LastPass.This is somewhat of a perplexing acquisition, but apparently LastPass is now owned by LogMeIn. 'This transaction instantly gives us a market leading position in password management, while also providing a highly favorable foundation for delivering the next generation of identity and access management solutions to individuals, teams and companies,' said Michael Simon, LogMeIn's Chairman and CEO, in a prepared statement. LogMein said that 64 percent of Internet users use the same passwords for every application and service they access. LastPass provides single sign-on access with the ability to generate complex and encrypted passwords to each system accessed. LogMeIn today said it has agreed to acquire LastPass, the popular password management service, for $110 million furthering the company's push into identity and access management (IAM).īy acquiring LastPass, LogMeIn believes it could help its customers address the common problem of employees using the same password for every application they access.

Lastpass log me in