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LastPass goes independent over a year after serious breaches

The LastPass logo.
Image: LastPass

It’s been over a year and a half since LastPass suffered back-to-back high-profile hacks, and the company now says it has separated from its parent company, GoTo.

GoTo announced that it would spin LastPass off as its own company back in December 2021, six years after buying the company. Now, the password vault company will operate under a shareholder holding company called LMI Parent.

LastPass’ most recent troubles began in late 2022, when it admitted that hackers stole source code in August of that year and then disclosed in November that hackers gained access to “certain elements” of “customer information” but insisted their passwords were safe. That’s open to interpretation, as hackers made off with a copy of a backup of customer…

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