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While password managers are highly recommended for individuals as well, the real power of these platforms lies within their ability to secure a business from potential security breaches. In this review, we've provided all the information you need on LastPass's pricing and security architecture to make an informed decision on your purchase – but as we said in the introduction, the provider has done itself no favors in the past few months.
However, other information was accessible, and this could be used by threat actors to pursue their own, insidious ends – and competitors like NordPass and 1Password have not had issues like these. On the one hand, no customer passwords were compromised in either incident, thanks to LastPass's zero-knowledge architecture. In the second, unusual activity was noticed within a third-party cloud storage service.
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In the first instance, LastPass's source code was stolen, as well as some information pertaining to individual customers. A class action lawsuit has now been filed against the company. LastPass had its first major security event in 2015, but recently, the provider reported two high-profile security incidents occurring in August 2022 and November 2022, both linked to the same threat actor. LastPass can auto-generate secure passwords – a unique, unguessable one for each of your online accounts – then autofill these securely as you log in All you need to remember is one master password for your LastPass account – just make sure it’s both secure and memorable. It can auto-generate secure passwords – a unique, unguessable one for each of your online accounts – then autofill these securely as you log in. LastPass can alleviate all this risk, and make it easier to manage all your various online accounts. On top of this, too many users rely on classic, but easily guessable, passwords such as ‘123456', ‘password', ‘qwerty', and variations of pets’ names or the names of family members. That’s highly risky – if the login data for even one of your accounts is ever stolen, then hackers have they key to all the others that share that password. All too often, users pick one password, then re-use it over and over. After all, it's a pain to remember five different passwords, let alone 10 or 20. Left to their own devices, most users are terrible at creating passwords. 1Password, for example, has a much cleaner security record and has never been breached. If you do think it's the right provider for you, go for it – but we'd advise checking the best password managers on the market before you make your decision.
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This shouldn't necessarily consign the provider to the software blacklist – no actual user passwords were stolen – but it's good to keep in mind when reading this review. LastPass has, however, had two security incidentsin the last twelve months that have called the provider's credentials as a secure password manager into question. Ideal for smaller companies, LastPass Teams costs $4/user/month, whereas the LastPass Business plan, which costs $6/user/month, is better for larger businesses. LastPass Premium costs $3 per month ($36 annually), while their Family plan costs only marginally more at $4 per month ($48 annually).
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If the free plan isn't enough for you, LastPass offers some more robust paid plans for businesses and individuals alike. This popular password manager can create passwords for you and store them securely, auto-filling them when needed. LastPass is one of the best password managers you can choose – it’s easy to set up, flexible, and even has a respectable free plan available.
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