The class action lawsuit seeks damages from Password Manager following the August 2022 data breach.
In August 2022, a class action lawsuit was filed against password management service LastPass for data theft.
The class action lawsuit was filed on January 3 in the U.S. District Court of Massachusetts to an anonymous plaintiff identified only as “John Doe,” and others in similar circumstances.
He claimed that the LastPass data breach led to the theft of approximately $53,000 worth of bitcoins.
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The complainant claimed that he started collecting BTC in July 2022 and updated his master password to more than 12 characters using a password generator as recommended by LastPass “Best Practices”. is the
This is done so that private keys are stored in a secure LastPass client wallet.
When news of the data breach broke, the plaintiff deleted his private information from his client’s wallet. LastPass was hacked in August 2022, with an attacker stealing encrypted passwords and other data, according to the company’s statement in December.
Despite taking immediate action to delete the data, the complainant found it was too late. The lawsuit says:
“However, on or about Thanksgiving weekend 2022, the plaintiff’s bitcoins were stolen using the private keys he stored on the defendant’s [LastPass].”
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“The LastPass data breach exposed him to the theft of his bitcoins through no fault of his own, putting him at constant risk,” he added.
The victims are at greater risk of future fraud and misuse of their private information, which can take years to discover, detect and disclose, the lawsuit says.
Lastpass was accused of negligence, breach of contract, unjust enrichment and breach of fiduciary duty. However, the details of the injury have not been disclosed.
See also: ‘Third Party Incident’ Hits Gemini With 5.7M Leak Emails
According to cybersecurity researcher Graham Clay, the stolen data included unencrypted information from password vaults such as company names, usernames, billing addresses, phone numbers, email addresses, IP addresses and website URL.
Last December, LastPass admitted that if users had weak master passwords, attackers could use brute force to guess the passwords, allowing them to crack the vault.
Source: CoinTelegraph
Source: CoinTelegraph
