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LastPass Breach: Time To Take Your Business Elsewhere?

LastPass recently suffered a data breach that exposed customer data and compromised encrypted password vaults. In response, many users are looking for alternative solutions, particularly business users who carry larger risks. This post is for meant for those people and details why Uniqkey might be a fitting alternative for businesses who are considering switching from LastPass.

If you’re reading this, you’re probably a concerned LastPass user. And for good reason.

In August 2022, LastPass reported that they had once again had suffered a data breach. While stating initially stating that no sensitive customer data was compromised in this particular breach, this has now changed.

LastPass Says Sensitive Customer Data Was Accessed By Hackers

According to reports provided by LastPass, the hackers were able to obtain encrypted password vaults belonging to LastPass customers, as well as customer data such as names, email addresses, and phone numbers. The breach occurred when the hackers used cloud storage keys stolen from a LastPass employee to take a copy of a backup of customer vault data.

The stolen vaults are stored in a proprietary binary format that contains both encrypted and unencrypted data, including web addresses, customer names, email addresses, phone numbers, and some billing information.

As a password manager provider guarding companies against cybercrime, we choose to root for our competitors, as we’re all working for the same cause: better security for all. For this reason, bad news like these is bad news for all. When a cybersecurity provider gets breached, it seeds a lack of trust in security providers across the board. 

However, there’s also a silver lining. Incidents like these also breeds an increased desire and demand for companies to do better. To improve their security infrastructure and investments. Like car crashes leads to better car safety, breaches (in an ideal world) ultimately lead to better security in the future.

With that said, we understand that many LastPass users – especially business users who inherently carry larger risks – are deeply concerned about the security of their password data, and actively looking for an alternative solution to switch to.

Considering Switching Password Manager?

If you’re one a LastPass user who is looking for an alternative business password management solution in the wake of this incident, we encourage you to consider whether Uniqkey might be a better option for your business.

To help you make decision, here are some relevant facts to know about Uniqkey:

1. All password and secrets data stored in Uniqkey is encrypted, offline and locally on the user’s own device, protecting user data at all times.

2. Unlike LastPass’ reliance on Twilio for 2FA, Uniqkey’s two-factor authentication autofill feature is an integral part of our solution, and we do not rely on any third-party provider to help support this feature. 

3. All our data centers are in Denmark and adheres to strict European data protection and storage standards.

4. Uniqkey has been tried and tested by the Danish Defence as part of a 3-year long pilot project. Watch their review here.

5. Uniqkey is ISAE 3402 certified based on ISO 27001 controls, and leverages both Zero-knowledge Proof & Secure Remote Password Protocol.

If you’re doing more comprehensive research, we’ve also put together this LastPass vs Uniqkey comparison resource you might find useful.

While many things can be said about the recent high tides in the password management market, we trust that provided with the necessary information you’re fully capable of deciding what’s best for your business.

Thanks for taking your time to read this post.

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