LastPass Total Losses Estimated at $35M !
How to Migrate Your Crypto Assets Immediately
On October 25,2023, a crypto thief stole and additional $4.4 million in cryptocurrencies from 80 wallets, following a 2022 data breach that affected the password storage software LastPass. At least 25 people were impacted, most of whom were long-time LastPass users who had stored their crypto wallet keys or seeds in LastPass. This latest theft adds to the growing toll from the LastPass breach, estimated at $35 million in total!.
If you use LastPass to store your crypto wallet seed phrases or private keys, you should migrate them immediately to prevent further theft. Here is a step-by-step tutorial:
Create a new crypto wallet on a different platform.
Transfer your crypto assets to the new wallet.
Delete your LastPass account.
In-Depth Analysis of the LastPass Breach
In December 2022, LastPass disclosed that an attacker had gained access to a backup of encrypted customer vault data. While LastPass claimed that the data was encrypted and that customers would need to know their master password to decrypt it, security experts warned that the data could be decrypted if the attacker brute-forced the master password.
In September 2023, cybersecurity journalist Brian Krebs reported that some of the LastPass customer vaults had seemingly been cracked and over $35 million worth of crypto had been stolen from around 150 victims.
In October 2023, crypto fraud researchers ZachXBT and Taylor Monahan discovered that another $4.4 million in crypto had been stolen from LastPass users. ZachXBT believes that the attackers are using a combination of brute-forcing and phishing attacks to steal the master passwords of LastPass users.
Tips for Practicing Good Operational Security
Here are some tips for practicing good operational security to ensure that your crypto funds are safe:
Use a strong and unique master password for LastPass.
Enable two-factor authentication for LastPass.
Do not store your crypto wallet seed phrases or private keys in LastPass.
Use a different crypto wallet for each of your crypto assets.
Keep your crypto wallets' software up to date.
Be careful about phishing attacks.
#LastPass Breach: $35M in Crypto Stolen, How to Protect Yourself
This article has provided a comprehensive overview of the LastPass breach, including how it happened, how much crypto has been stolen, and how to protect yourself. If you use LastPass, we strongly recommend that you migrate your crypto assets immediately to prevent further theft.
BY: @CR7YPTO Follow me for more: 🔥🎁 @MYPROFILE
