LastPass


Website: lastpass.com
Twitter: @LastPass
Facebook: LastPass
Founders: Joe Siegrist

Overview

LastPass is a password and data management service that offers users a fast, secure way to manage their web credentials by centralizing passwords in the cloud. LastPass creates a master password to protect users' multiple passwords, encrypts it locally, and synchronizes it to any browser. The company’s service allows users to use one secure password to access several password-protected accounts for online banking, online purchases, and other secure sites. [3] 

History

Headquartered in Fairfax, Virginia, LastPass was founded in April of 2008 by Joe Siegrist. In March 2009, PC Magazine named LastPass their "Editors' Choice" for password management. [1] On December 2, 2010, the company announced that its acquisition of Xmarks, a browser add-on for cross-browser bookmark sync with over 4.5 million users syncing more than 1 billion bookmarks across 5 million computers. [4] In May of 2011,  the company announced that hackers had broken into its database and taken information from up to 1.25 million accounts. [3] In response, LastPass decommissioned the "breached" servers to have them rebuilt. On May 4, 2011, they asked users to change their master passwords. LastPass announced there was no exact evidence that any customer information had been directly compromised.


References

  1. "LastPass 1.50 Review & Rating" PCMag.com 2009 
  2. Steve Gibson Security Now 256: LastPass Security Security Now July 2010
  3. Michael Riley "LastPass says hackers may have stolen passwords for 1.25 million customers" Bloomberg News May 5 2011
  4. "LastPass Acquires Xmarks!" LastPass blog December 2 2010