In 2022, LastPass suffered multiple hacks leading to substantial data breaches, causing significant financial losses to cryptocurrency holders and compromised user security.
The aftermath of LastPass's breaches showcases that users who switched to alternative password managers remain vulnerable due to their stolen credentials from the hacks.
Experts believe that potential losses from the LastPass hacks could amount to as high as $35 million, with stolen data enabling ongoing phishing threats.
LastPass aims to regain customer trust following its separation from GoTo, but past security failures continue to deter users and damage its reputation.
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