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LastPass hackers steal $5.4M just days before Christmas

LastPass hackers steal $5.4M just days before Christmas

GrafaGrafa2024/12/17 05:50
By:Liezl Gambe

Hackers exploiting the December 2022 LastPass breach have stolen an additional $5.36 million from 40 victims, marking another significant theft just eight days before Christmas.

LastPass initially suffered a data breach last year when attackers accessed encrypted backups of customer vault data. Since then, losses have continued to rise.

Blockchain investigator ZachXBT reported that the stolen funds were recently converted into Ether and moved through “various instant exchanges,” sharing evidence on the crypto scam platform Chainabuse.

The white hat organisation Security Alliance (SEAL) issued a warning on Dec. 16, advising anyone who stored private keys or seed phrases in LastPass before 2023 to transfer their crypto immediately.

“Move your assets before hackers move them for you,” SEAL urged in an X post.

With this latest theft, total losses tied to LastPass now approach $45 million.

This includes a $4.4 million incident on Oct. 25 and over $35 million reported stolen by September.

Additionally, non-crypto assets have also been impacted.

Blockchain analyst ‘Tay’ noted that $250 million in funds had been stolen in May through tens of thousands of thefts.

SEAL and other blockchain security advocates continue to urge affected users to take immediate action to protect their assets.

The recent surge in LastPass-related thefts coincides with a rise in scams leading up to the holiday season, which security firms call “hacker season.”

Blockchain security firm Cyvers warned users to avoid suspicious holiday deals, refrain from sharing 2FA codes, and avoid connecting to free WiFi.

Social media giant Meta has also alerted its users about scams targeting holiday shoppers, including fake gift promotions and counterfeit retail coupons.

While phishing losses fell 53% in November to $9.3 million, the uptick in holiday scams suggests hackers are intensifying efforts to exploit the festive period.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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