Comment LogMeIn buying Lastpass was the end of them (Score 1) 43
The company immediately entered the failure category for me once LogMeIn bought them.
They ruin everything they touch.
Doubling pricing year over year while at the same time they stop investing in the product is their guiding principle.
And while the passwords stored was encrypted, some metadata was available in the stolen data with minimal encoding indicating the website addresses stored. Often those website URL contain sensitive info and it also indicates to the hacker if the data is worth investing in brute force attempt time to decrypt. So high value targets like Crypto wallets were the first to be drained because they could see the websites you stored and that would indicate which users to target. They still had to use brute force methods to decrypt the data but they would only be focused on the password vaults that showed evidence of storing crypto wallet data to make it worth the effort and costs.
They ruin everything they touch.
Doubling pricing year over year while at the same time they stop investing in the product is their guiding principle.
And while the passwords stored was encrypted, some metadata was available in the stolen data with minimal encoding indicating the website addresses stored. Often those website URL contain sensitive info and it also indicates to the hacker if the data is worth investing in brute force attempt time to decrypt. So high value targets like Crypto wallets were the first to be drained because they could see the websites you stored and that would indicate which users to target. They still had to use brute force methods to decrypt the data but they would only be focused on the password vaults that showed evidence of storing crypto wallet data to make it worth the effort and costs.