3/8/2023 0 Comments Massive password repository![]() ![]() Different teams may be separately managing-if managing at all-their own set of credentials, making it difficult to track all the passwords, let alone who has access to them and who uses them. Lack of visibility and awareness: Of all of the privileged accounts and credentials across an enterprise poses a considerable challenge. One risk here is that hackers could correlate, along with email addresses and usernames, the password from one compromised account to other services or accounts that may be using the same password. To compensate, they may apply the same passwords for multiple accounts, select easy-to-guess passwords, or resort to recording passwords on paper or within electronic documents, such as MS Word or spreadsheets. Human-managed passwords: With so many (constantly changing) passwords to remember, employees are prone to forget passwords, potentially locking them out of systems. Privileged Credential Risks: Why Password Management is Needed Here’s an infographic on the keys to creating robust privileged credentials that can withstand common exploits and cyberattacks: ![]() The Verizon Data Breach Investigations study implicated weak, default, or stolen passwords in 63% of confirmed data breaches, while Forrester Research estimates that 80% of security breaches involve privileged credentials. Consequently, these types of privileged credentials are highly prized by external attackers and malevolent insiders alike. Superuser privileged account passwords-such as Root in Linux and Unix, and Administrator in Windows can provide the authenticated user with almost unrestricted privileged access rights across an organization’s systems and data. In modern IT environments, privileged credentials are needed for a multitude of different privileged account types (from root, to domain admin and sysadmin to workstations with admin rights), operating systems (Windows, Unix, Linux, etc.), directory services, databases, applications, cloud instances, networking hardware, internet of things (IoT), social media, and more. LastPass claims more than 30 million users and 85,000 business customers worldwide.Privileged passwords are a subset of credentials that provide elevated access and permissions across accounts, applications, and systems. The latest hack comes on the heels on LastPass users being targeted with “credential stuffing” attacks that use email addresses and passwords obtained from third-party breaches. He said the investigation has shown no evidence of any unauthorized access to encrypted vault data or customer data in the LastPass production environment. “We never store or have knowledge of your Master Password,” Toubba said, noting that LastPass uses Zero Knowledge architecture that ensures the company can never know or gain access to a customer’s Master Password. Most importantly, LastPass insists that the incident did not compromise Master Passwords that manage access to encrypted vaults in its flagship password manager software. Toubba said the company is evaluating further mitigation techniques to strengthen its environment. While our investigation is ongoing, we have achieved a state of containment, implemented additional enhanced security measures, and see no further evidence of unauthorized activity. In response to the incident, we have deployed containment and mitigation measures, and engaged a leading cybersecurity and forensics firm. Our products and services are operating normally. We have determined that an unauthorized party gained access to portions of the LastPass development environment through a single compromised developer account and took portions of source code and some proprietary LastPass technical information. LastPass chief executive Karim Toubba said the company’s security team detected unusual activity within portions of the LastPass development environment two weeks ago and launched an investigation that confirmed the source code theft. The company, which is owned by GoTo (formerly LogMeIn), disclosed the breach in an online notice posted Thursday but insisted that the customer master passwords or any encrypted password vault data were not compromised. ![]() Password management software firm LastPass has suffered a data breach that led to the theft of source code and proprietary technical information. ![]()
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